I just sold 2/3 of my holdings, if they need to raise 5 mio,
that would be another another BILLION shares at 0.0050.
I believe WRNW will test its lows in the 0.002s, before anything good happens. The Cementer's deal should have closed within 2 week after the PR, now its another 6-8 weeks.
I'll be ready to pick shares up at the bottom. Just remember, when WRNW hit the lows in March, there was no bad news. Now we know that they could not close the LOIs as qickly as they anticipated. No production also means not money coming in. So they are in a squeeze to sell their assets, not a very good position to be in.
If they do equity financing it is in the interest of their investment bankers too, to get the share price down.
I like the longterm potential, that's why I keep a few 100k, but I'am sure, I can pick up millions in the next few months even cheaper.