I’m not sure what effect this will have on the share price but a few positives I take out of this happy to hear others opinion.
1. It’s good to see the two large investors Thorney and Perea still have skin on the game and not sold their initial share investments
2. the above two investors still see a positive future that they would like to put more money into Spt rather than cut losses
3. $8M added to the initial $14.6M they had left at the end of Q1. Maybe take $5M away for q2. So they will probably have $17M for operational use.
4. they are not turning the lights off to the business any time soon.
I’m my opinion that should give them the buffer which they need to make sure they survive through this growth strategy.
Also that $2M, looks like they will get that back through insurance right?
also thought it was funny that they are splitting the payments of $2M to that customer over time
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