I wonder what they presented to the potential investors given we haven't landed any new IP deals, new revenue, and there was almost 0 market sensitive annoucements other than new product releases and financial statements...
I hardly doubt investors will naively believe that our tech is amazing when there is absolutely nothing that backs that statement up financially...
Given MegaChips took a massice stake in Morse Micro, I wonder if that door is also open for us...
Spoken like a true holder...
Anyway if we do need to continue raising capital, I'd like to see how it compares to our current arrangement with LDA.
I used to think the idea of 90% value incentivised LDA to sell slowly and at the highest price, but we seemingly create shares until they meet the dollar value needed.
At least if we get a cap raise at 20% discount it hits immediately and then can begin to rebound.
LDA seems to be a thousand (30million) cuts, based on the TA.
If we need to wait longer for self sustaining revenue then so be it, it's not that scary.
Explorers go through raises without even knowing if they'll ever go into production.