tim - keep thinking that
then do the math. WEHI is either no bid or is mostly trading below $0.00005, if itever does trade.
5 billion shares / $0.00005 = $250,000
So $250K is about all they could possibly raise, not $6 million. It is doubtful they will be able to raise 25% of the $250,000.
The main problem is that they won't even be able to sell shares soon because of the massive dilution happening and the fact they raised the authorized shares 50% to 15 billion shares.