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Wednesday, July 31, 2019 7:02:56 AM
Explanation of Tier 1 vs Tier 2
"Further, the
aggregate offering price and aggregate sales of securities in any 12-month period is strictly limited to $20 million for Tier 1 offerings and $50 million for Tier 2 offerings"
Indicates what sort of size of raise will be required for Human trials and what share price would be required to raise with the current outstanding.
It's still not dilution if they sell at/or above market as the cash raised will go directly on the balance sheet.
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