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Sunday, October 29, 2017 10:24:24 AM
So they are doing a raise for a price of $1.52? Warrants attached? There had better be a lot more to this story than that. Could have easily raised $15 to $20 mil from the ATM in the past couple months imo.
There had better be an amazing reason for this need of significant funds.
Government development contract fall through? Is there an imminent need to raise funds for expansion of facilities? Doubt that or something could be released first to improve price dramatically before the raise. Better be some sort of no R/S clause put in there.
Why is the raise being done only in Israel, if that is actually the case? Letting some of their "acquaintances" get in on the ground floor? This raise being done so they have enough cash on hand to close Sosei deal finally, which would suck. So many damn questions that we will have to wait and see. All I know is if we are sitting at the $1.50 range come Monday morning, I'll be pissed to say the least.
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