They raised $5 million. It's a good outcome in this market.
We knew weeks ago a raising was going to happen.
Whilst it may be difficult for some here, you must view the facts: a $30 million company with maybe $6-7 million in the bank, signing contracts with large media companies worth millions in revenue each year, highly scaleable technology and a business plan constantly exceeding company expectations.
Adequate.
NWZ Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held