Dirk- Letter, page-5

raiizo, I think you should do yourself a favour and speak to the investors relations guy.
He will clear it all up for you. Then you can come back and see if it still appropriate what you posted.
The placement and convertible note has been done. We would not have the cash in bank if it was not done.
If you read my posts from yesterday then you would have understood plus Dirks letter above that it is to restore Alexium's ongoing placement capacity for future issues so that Alexium can continue to have issuance flexibility.

They raised enough money to do what they said they were going to do with it.
They just need to deliver !!!!!