Read this!Shorts will continue to win with looming financing
Most likely financing of roughly 50 million shares at 15% discount to current share price. So $1.05 should be where the share price should drop to. Ouch... So that is an addition of 50 million shares and 1/2 warrant of 25 million to a tune of 75 million extra shares. So new diluted share count would be close to ~459 million. After financing: $1.05 459 million market cap $2.05 918 million market cap Due to high float investors are leaving for better companies with more upside The Company is currently reviewing several term sheets for its next round of growth capital and expects a formal announcement soon,