Ann: Results of Retail Entitlement Offer, page-6

Clearly a very disappointing CR result - but it was certainly expected

What's next - well HTG management now have a total of approximately $6.2m in funds.

And let's see what (if anything) Moelis come up with?

For the past couple of quarters, HTG have been losing approximately $1.5m in cash per quarter (nett operating cash outflows) - so they should have enough funds to get them through to the end of this year.

Obviously excluding any additional capital requirements that may be required - and excluding any other acquisitions.

So they certainly have enough time to cement all the deals they have outlined, and to get revenues really cranking along.

And based on everything that I have read, I fully expect them to do this - but I may be slightly delusional