There is obviously some validity to the court case for SCF, if they were thinking it was going to be a positive resolution they would have waited for the decision to then raise later on at a higher share price. Extension means that it is all the more likely legal fees and delayed resolutions continue and it will eat up company time and money.
Now, when/if they lose the court case for the payment of $2mill they are funded at a higher price and less dilution. Its easy rinse and repeat stuff with the pump of a "term sheet" which is a nonbinding agreement that shows the basic terms and conditions of an investment.
CXM Price at posting:
8.6¢ Sentiment: None Disclosure: Not Held
