The last 2 paragraphs from the previous ann. about the 9.63 mill cap raise:
"Funds will be used for the growth capital needed for the implementation of recent contract wins for 1-Page. The growth capital is also required to manage the pipeline of prospective future contracts.
The 1-Page Sourcing and Referral Engine using the BranchOut database of more than 820 million professionals is expected to be in operation from the beginning of March 2015. This will assist in significantly scaling customer revenues and further capitalization will be driven from the pipeline of potential customers."
I suppose one could argue that the language is a bit tricky to keep themselves covered but I think the intention is that maybe they are hoping to fund all future growth from revenue starting next month. No more CRs?? I think there are some shares still to be issued for Branch Out if memory serves but not too many?? Apart from that maybe we won't see too much more dilution.
1PG Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
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