Interesting on the cash raise. I see that post, but the source is questionable at best. If it is true, it's not preferred stock as that wouldn't be traded with the ordinary shares. Also if true, I still have no clue how this company can remain public but bypass most of the rules in place for public companies. Pink sheets I guess, eh?
Anyway, you can't really go by dollar basis here, especially when you look at today's volume so far of a 30 share buy for $1.80!