"The placement was fully subscribed by one director of the Company..."
I love that! A 500K +wrts shares ticket sold for 35 000$ to a manager. This out-of-nowhere issuance of stock may well look like an "I scratch your back back" kind of bonus. It would not be made that way if the money was really wanted 'for working capital' needs. And there's incidently no petty cash needs, or am I wrong?
This advance ticket is sold for an expected show. Exercice price of the 250K warrants is 10¢... It makes me foresee a stock price @ 13-15¢ then? Hmmmm.... I'm working hard refraining myself to piggy-back... Liquidity please!
My opinion and just talking, guys.
GLTA.
BB.