BnxaAnother all time low,still no financials released.Only press releases are about presentations at various meetings .
One can be confident that financials in detail have been released to those that are considering the private placement which one would imagine will be at a price below what it is trading at .
I am sure every day management knows the ttv for the previous day and the daily bank balance.
Just dont want to tell shareholders.
One cannot imagine that this is being done because the financials are fabulous .
If for example they want to raise 10 million if that is a possible at say 65 cents a share that would imply a 50% dilution .This is pure speculation of course .
We dont know the cash burn rate since March 31st so there's no telling how much cash they have gone through or whether they are using thier credit line .How much and at what interest rate???
Shareholders are just in the dark ,in my opinion any news is better than this constant uncertainty .