The funding is a good sign. The 500,000/33,333,333 million shares works out to be .015 per share. Now they got another 11m potential shares in options at a strike price of 3+ cents, but if the share price never gets there they lose that.
So this does not look like death spiral financing that is common with many penny stocks and spins the share count out of control. This in itself is a good sign and explains the slight jump in share price a few days ago.
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