The funds raised in the last CR, were for daily operations, with the bulk of the CR money going towards "Use of Own Funds" in the ISXPay Europe operations. This then gives the company an extra 0.25 to 0.40% profit magin on settlements.
From memory, isx needed to stump up approx 4.5 million as security to the banking system regulator to secure these extra discount percentages for ISXPay.
