previous offering was $3 something and when you took into account the warrants, people were paying $1.68 to buy the shares. The stop dropped down to 70 cents after that offering. So just because the offering is $1.42 given the warrants you get a price the investors are paying is roughly 98cents
Agreed - they could of got more money for the company. They will dilute by at least 25%. The news was good but I am going to wait till we retest around 80 cents and then buy. You have to plan on buying it low and sell when the good news comes out and then buy back again after the drop. This will happen at least 4 more times.
I thought they had enough money after the last dilution to make it a year. I guess they are burning more cash now.