The company needs to better explain this raising, especially when no-one expected it and this group doesn't seem to be bringing anything special to the company. This is not a good show of confidence about the short or long term prospects.
It seems that they are not very confident of a successful JV
I have sold based on this, but if it looks like I made a mistake I will try to get back in
Ann: Successful Placement of $24 Million , page-8
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