Has anybody else the hope all this is finally a well organised and successful attempt to raise capital? The supply side looks like a well controlled and linear raised single source of share supply. What else can it be than the ATM? If only 50% of the traded shares are ATM shares, that would give around 6 MCAD already. Keeping dilution to a miniumum and remembering the 12 month of operation capital rule, I would estimate that they could start to reduce or stop the supply when 10 MCAD has been reached, which could be the case as early as Thursday, given that the buying interest stays at maybe 80% of each previous trading day. The rest of the demand could swing us back to pre November levels - or somewhat higher, with the news of secured funds till mid 2025. Fun to watch anyways.
GLTA