Ann: $23 Million Funding Agreement, page-52

What a ridiculous comment. No my eye sight doesn't need looking into.
Agreed, raising funds for future operations isn't the purpose of the offer. Is to pay for work completed that they don't want to settle in cash..
In other words, the purpose of the offer was to avoid paying consultants the cash sum previously agreed for work completed.
Doesn't matter how large or small the share issue is, it's still a bad sign and is dilutionary.