They do at least indicate that some of the proceeds will be used to repay a $1.9 mill convertible note, so if it all comes off, that will be a positive.
And director support need not necessarily be a negative. They're not going to pour money down the drain just for appearances, in the end, they want to get rich (richer) too.
But coming so soon after the last CR, with it's "free" options, one would like to see definite orders coming in, not MOUs. The exercise date for the options, just over 12 months away, at 8c, is going to require considerable upside to see any take-up.
ATJ Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
