Look here's my take, I'm not loving the current situation any...

Look here's my take, I'm not loving the current situation any more than the next person, myself and related parties hold in the 10s of millions shares and in retrospect got too deep in this small cap.
best case scenario we get a raise at a premium with the difference made up of options and the share price holds.
I do see some future for this company but we do need to step up the sales pretty quickly. I hope the board is being legit with us and not talking too much bs, but the proof will be in the pudding.
I do like that the company has a great retention rate with big companies that at least gives me confidence in the quality of the product, I do like that the client onboarding is at a steady rate result in a nice increase in revenues, and I do like that costs or stable / falling. I do like that the valuation is low and has more upside than downside. I do like that we have a significant cash receivables pill. I dont like the negative equity situation and debt levels.
All in all this could be on of the last raises the company needs to achieve breakeven status, the revenue and costs trends do suggest this possibility, once this capital is secured I won't have to worry about it anymore which will be nice, best case scenario come quarterly report everything looks rosey, plenty of cash, plenty of receivables, record revenue and growth, new clients, commercial roll-out of new product with first revenues. This could be a perfect storm for relating the share price to at least double, and maybe these factors will contribute to a premium raise.
Worst case, raise @6-9 or raise fails, stock sells to 4-5.