Chance of private placementThey whoever they is sure does not want this to go below 10 cents.
I wonder if they are going to try to raise a couple of million which would be at 8 cents with a 20% discount to a 10 cent closing price.
.Two million at 8 cents 25 million new shares about 19% dilution.
Oh yeah plus warrants. If it was one or two investors it would be a full warrant at 12 cents for 5 years otherwise go find someone else to do it.
Two million buckaroos is not going to help much.