Ann: Placement to Sophisticated investors, page-26

Hi all,

SMN had only $152,000 cash at quarter end (more than four weeks ago!) and about the same amount ($149,000) left of the loan?
That seems a bit tight although I think Ross did say something about a corporate decision to throw ‘everything’ at growth a few months back?

But, in the light of that cash position, I wonder why the raise was only a million dollars?
(And I’m guessing Drake was in on it seeing as it was so cut up about that other sudden quiet raise last year?)

And finally I’m wondering what that spend on $275,000 was on ‘intellectual property’?
Whose property?
Does that have something to do with the significant new AEM product launch timed for ‘in the coming weeks?’

Thanks to all sharing their thoughts here

cheers