With regard to the cash raising and likely dumping on the 25th Nov. I believe there are several thing to take into account. Firstly the CR opened and closed heavily over subscribed after only two hours. According to one that subscribed he was only allocated 20% of his application. Many small caps struggle to place $2M over several days, so this shows the markets believe and acceptance of product and staff.
As with many original shareholders who got in between 2c and 5c there may be some sophisticates who may offload all and there may be some who may offload some, but I would imagine a very large percentage will remain firm in the hands of the sophisticates.
There is a lot of events over the next two weeks which will strengthen and rapidly grow this company, the timely release of this news will no doubt have a very positive reaction on the share price.
IMO Fridays action from the bot was designed to flush out week hands left over from Thursdays fear selling, this proved fruitless and whoever was doing it finally had to buy in at 11.5c and 12c.
IMO today well see a very strong strengthening of the SP with a probable closing price between 14c and 16c. I believe that by the 30th with what is happening the Sp will have probably reached 20c. Something that would definitely strengthen this probability would be another partner like Bookings.com or some additional clients in Corona.
This is all my opinion only and is not to be taken as investment advise, Do your own research!
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