Clear Blue Technologies International Inc V.CBLU

what's with $CBLU

[Ciao]

Can anyone tell me why the majority of the posts have $CBLU and there is no little to no discussion on the stock?

[ARIMA11]

Yes, Ciao unfortunately this bullboard seems unwell!@

[Ciao]

Having rasied just over $4M in a debenture last fall, I was surprised on the announcement of the unit offering at .17 for which the first tranche of about $1M recently closed. It'll be harder to raise captial now, but do you know what the target raise is?

[ARIMA11]

It was not made clear in the releases but it seems as if they wanted to get as much as possible,  Raised 1.6M in total so its not bad but its hard to know how good it is due to a lack in target.   https://ceo.ca/@nasdaq/clear-blue-technologies-announces-q1-2022-financial   Second Tranche of Unit Offering Completed for a Total of $1.64M Raised   Today, on May 30, the

[Ciao]

I would guess with rev ramping up to $10M this year, the funds are needed to secure parts in advance because of supply chain delays.  Perhaps the $10M in rev leaves room for an upside surprise in addition to the comment that they could be EBITDA positive at lower rev levels than previously thought,.

[ARIMA11]

Yeah it does comes accross as a defensive move considering the future need for growth but the prices levels were very low (last financing at 0.40 cents) not sure why it was not done at higher prices frankly.