By my rough calculations the company would have less than $500k in the kitty at present and with a market cap of ~ $7mil, any raise of substance will be heavily dilutive.
The market and current shareholders are growing tired of promised / close deals & those that lack any real substance.
On the plus side at least the MD / CEO's first class travel expenses would have come right down over the last few months.
RGI Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held