Such a huge financing at this low share price level is in my opinion not in the interest of shareholders. Existing shareholders will obviously be extremely diluted. It is basically a sale of more than half of the company for a fire sale price.
Luxton claimed in one of the investor calls with Redchip in June that I attended that the business year 2022 will still be the year of revenue growth, only at the back end. Note that the business year for KWESST ends on September 30. Luxton should step down, he has done way too much damage for shareholders.