Ann: Strandline Completes $33.8M Institutional Placement, page-6

Hopefully that puts a full stop on the frustrating and disappointing news from the company. The messaging prior to the raise had the feel of some "political spin" before releasing some inconvenient news.
Let's hope they get the house in order - trading at 17 cents does not seem to remotely reflect the long- term cash flow potential of the company.
Irritated but sticking with it but not adding until they get on top of things.