trading halt!!!, page-94

Shelcomm. You will recall that there were the two CRs last year. The first one sought $8 million @ .016, but, they only raised $2.8 million, about half each from S.I.s and SHs, $1.3 and $1.5 respectively.
Technically, that would have been seen as "disappointing" and indicated that the S.I.'s really weren't too keen.
Had they raised that $8 million in that one hit, that should have set the company up for much longer.
Maybe a good thing for SHs as it has kept the company "hungry" needing to "deliver" to raise further funds.
Things improved in that relationship with S.I.s when in August they raised another $1.7 million, this time at just .012.
Now, we are lead to believe that the S.I.s have grabbed around 270 million, no less, @ .011 to raise $3 million.
So, it seems that management still retains support from the S.I.'s. This latest one should be the icing on the cake for them and virtually guarantee management the peace of mind knowing that those S.I.s can be called upon again IF further funding might be required.

These CRs are vital to the company and more so for shareholders knowing that the cash is there to keep us going while we build up that LT income stream.