The credit raise is to pay down 1 of 2 convertible notes which...

The credit raise is to pay down 1 of 2 convertible notes which would have crippled the share price moving forward. It's all in recent aan's, there is still one convertible note in play until 2018 from memory in favor of biggest shareholder.
The board got themselves in a bind and are now sloppily trying to work through it, a real pity with so much potential from here.
Revenue should sought it out if all is as portrayed.