RE:RE:They are pleased....
Doesn't say what price the placement is at, but likely it will be at a discount to market maybe 6 cents.
$8 million dollarsat 6 cents would be 133,333,333 new shares and 66,666,667 new warrants, potentially 200,000,000 new shares.
WOW!
That is huge dilution. If they are fully subscribed it might be a good sign.
What's next, a share consolidation?
They better be doing a lot of tests, but if they were they probably wouldn't need to raise $