You ruled it out as a possibility because of standard “public offering” language meaning shares could be traded open market.
That is not the only possibility I offered and there are 1000 more possible scenarios.
2 things are for sure this is a cash raise and it will be dilutive to current share holders to the extent we will not know until some future date but given the fact a share price is not stated infers that management expects share price to increase or they would have issued shares at .23 today’s price to raise immediate cash and
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