Pretty much know what the placement ($4m) and price ($3.40) will be. Bring on the details.
What does the company need $4m for? It's not just to keep operating. It's probably for one of a number of reasons imho. 1 Sales in UK going ballistic and inventory needed to maintain supply 2 Deal or deals signed with EU retailers 3 Deal signed with Aus telco 4 R&D into new products or development of Spacetalk (4g - waterproof) - although R&D has historically been largely achieved with company cash/profits 5 Combination of the above 6 Any other thoughts....
