Pay attention bud. They are raising $5m with a $4m market cap = dilution.
They also have $20 million in debt including more than $10 million in convertible debt and interest that is past due. This offering specifically states that they can exchange freely traded shares for debts owed by the company, which means it is just a slimy way to circumvent the halt on the conversion of debt to freely traded stock.
This device has been on the market in the US since 2008 which is 15 years and yet it still doesn't sell. What makes you think Taiwan will be any different? It won't. I get it you looked at the chart and think its a good flip so you want to push anything as being good news, but its not. Maybe you flip it and make some money like PennyStockSnipers did, but he is a penny stock pump and dumper. Long term investors should run for the hills.
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