Ann: Prospectus Convertible Note Entitlement Offer, page-3

Raise a few more millions, kick the dividend can down the road a long way.

Another big kick in the guts to the people who paid $1 a share that now have a value of 3.95c and still falling as it dilutes.

If this company was ever going to see profitability, it should be now. Instead, all the cash flow is going to be sucked out, paying 8% to note holders.