"Funds raised were to prepare the company for production ramp up and expand its production development team, among other uses."
lets get some detail here -
this should read with the addition of ---- 'if or when larger contracts are signed'
and, as to 'among other uses' ---------- well, when you see the words -
I call those 'other uses' -------------- working capital.
remember here - I still like the company and watch very closely --
but, all of these words - as you will see when you see the term sheet -- do 'not' sit happily with assurances from the top about no CR's unless for large contracts.
that's my judgement - others might feel differently.
I wait.
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