So overall, what recent events and the last MD&A tells me is that 1) they really need the 10 million right now 2) they could have asked for more, but didn't, which either means a) they expect share price to rise and hold out with another offering till then b) they expect not to need anymore. Option (a) seems to be more likely.
The good news of is that things will be happening soon as everything in the timeline seems to indicate. They are actually building things now instead of only developing with no clear end in sight. The bad news is to expect continued volatility.
Either, hopefully a good bounce today...let's see if it carries..
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