So it looks like $1.75m stayed in and they have the $300k from the directors for a bit over $2m. Not enough to pay GOM but enough to keep the lights on for four months and pursue more funding. If they name directors, which I'm pretty sure they will, then this re-opens.
I didn't think it would come off but enough stayed into make it happen. Now we have until maybe mid-September to see what happens.
Ann: Issue of PO Securities & Tranche 1 Placement Ops - Appx 3B, page-2
Add to My Watchlist
What is My Watchlist?