You're probably right. That would be $.05 pre-split pricing.
I think there should be legal ground to stand on in opposing this raise. This level of incompetence and destruction of shareholders is beyond the pale. This is more than doubling the share count for next to nothing, with warrants to boot, while they still have cash on hand to survive. There are just no words for how poorly this was done. AND they don't even have to do it today.
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