RE: Interview with Zak Mir and Roland Wessel15 Feb 2024 20:29
Sausage
Not according to this sausage. Another raise is on its way this year. Question is when... I would think sooner rather than later as we should have 2.5M USD after GOI approval.
"The Board is anticipating additional capital raising to be required before the next Annual General Meeting and considers that it is in the interests of Shareholders for the Company to have the authority to place new ordinary shares for cash. Also the Board considers it prudent to retain sufficient financial flexibility to meet both anticipated demands for capital, and any unforeseen challenges that may arise. This resolution provides that the Directors may issue up to 2,750,000,000 new fully paid ordinary shares in addition to the current 10,497,336,158 ordinary shares without requiring further shareholder approval."