CYDY conducting a raise to meet NASDAQ requirement
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Posted On: 09/23/2020 9:41:28 AM
CYDY conducting a raise to meet NASDAQ requirements is going to be an issue. MM said during the last CC that CYDY preferred time raise funds at a level higher than $3. We now know the most recent Fife financing deal converts to a price lower than $10 if CYDY initiates a new round of financing below $10. I’m assuming that’s why MM made the comment. It’ll be interesting to see if CYDY decides to conduct a raise to be uplisted, resulting in Fife getting an even better deal.
NP has never really pushed uplisting and always stated that it will be done organically. He may wait until after the interim analysis to make the final decision.
The other question is: who will CYDY conduct the capital raise with?
NP has never really pushed uplisting and always stated that it will be done organically. He may wait until after the interim analysis to make the final decision.
The other question is: who will CYDY conduct the capital raise with?
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