...the Company has received commitments for $40million in additional capital through the Placement of 160 million new shares toinstitutional investors (Placement).
Good. No two ways about it.
Demand for the Placement well exceeded the shares to be issued
mmm could have raised at a few cents higher? ok we will forgive you
to a select groupof new high-quality institutional investors
Who? give us the substantial holder notices, c'mon! c'mon!
Either way, people selling at .285 are fools
...the Company has received commitments for $40million in...
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