Ann: Investor Presentation, page-48

I am sure most holders are happy with the update, but the reality is this presentation should have been released when the entitlement offer was announced. Dean screwed a lot of his shareholders with this amateur raise and it's still likely that it will be unsuccessful with a significant shortfall and leave the company searching for cash. A bad position to be in when not all of the $5m is guaranteed and money to fund a cash flow negative business is getting more expensive by the day.