looking at the front end manufacturing costs for the hardware a raise or debt facility were always going to be required for working capital.
Maybe the terms of the debt facility were considerably less attractive than what has been offered in the convertible note. Also for those that are critical, this is required and definitely a better option than a straight raise at a discount. Ideally now they announce a major has taken a cornerstone stake.
D13 Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
