As noted...
In light of this, the Board launched an Entitlement Offer to raise a minimum of $1.5 million, which represented the minimum funds needed to continue operating the business, including further cost reductions to right-size operations based on current revenue forecasts
maybe staff took a pay cut???
they can't just fold the business up or can they?
Ann: Removal of Minimum Raise Amount from Entitlement Offer, page-9
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