Ann: Extension of Offer Period, page-3

It's pretty dismal.
The terms of the capital raise are not very good for existing shareholders or potentially new.
Directors and the lead manager if the business performs only reasonably will dilute to 80.1%. They only need $10M worth of revenue and they have received PO's for $2M... its not hard to do with hardware alone..so its a double edged sword.. the business doesn't perform your investment is not going anywhere.. or you do perform and you get diluted 80%.

I find the conditions of the capital raise offensive .. like we are all little rats getting crumbs thrown down from some overweight leaders.


Also looks like Erik has pulled the pin as Ir@ does not work anymore.