88 Energy Ltd (EEENF)

[mikesmith3]

I think someone else stated here, and I agree. It's simple, Occam's razor. Management knows the capital raise will help them substantially increase the value of the company (shares) so it was a no-brainer. It might even give them more leverage and/or get they will get a higher valuation if another major oil company wants to buy them or do a JV. All in my opinion but again it's clear they are very confident in what they have. GL