Would have beenhelpful to existing SH's had the company...

Would have beenhelpful to existing SH's had the company announced the reason for the need to raise a further $5.1 M. As far as the information provided states, insurance will cover the expense of damaged equipment being replaced, and the short term financing via the issuance of convertible notes, and expansion of the facility agreement will allow the company to purchase the required equipment to upgrade capacity to 16 000 TPA. Not a dicky-bird of where the final destination of $$'s being raised from the placement will end up.
Guessing they care not for those that backed the project initially, and are just making hay while there is still a weak amount of sunshine shedding its light on what is left of this company. I have no doubt there is a future, but it is going to take a long while to achieve all that it is capable of, and bring some semblance of the previous valuation back.