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Ann: Extension of Entitlement Offer, page-2

  1. 5,173 Posts.
    lightbulb Created with Sketch. 3788
    This is the second extension.
    Does that indicate they are having a little difficulty raising the funds?
    They need $1 million for the Lind repayment, and probably somewhere around $300k for salaries.
    Not sure what happens if there is a major shortfall, or an almost complete failure in the raising.
    I know TYM went for an approximate $1 million raise recently and ended up with only about $75,000, could this be the same?
    Investors are hunkering down and being a lot more conservative with who they give money too, so it would seem.

    Gw
 
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