INCOMING! Take Cover People!A possibly wholly dilutive capital raise is likely already spooled up.
Alas, the registration of an equity offering under the recently filed $100 Million shelf prospectus would be incoming and what presently remains of our respective equity investment value would be shifted, shuffled and dealt away to privately and perhaps already arranged for party or parties by way of a likely $0.09 equity offering. Again, that's $0.09, which is representative of a 50% discounted "FIRE SALE" equity offering price per share when considering what is thought to be an $0.18 book value per share price.
After all, we know that Hugues Jacquemin, Greggory Bowes, Guillaume Jacq et al likely require the necessary funding of their respective all expenses paid spring/summer holiday-work vacations and perhaps also some capital funding for a wee little cores drilling program at LDI for their business acquaintances to "wet their beaks", so to speak.