another founder gone......., page-2

I thought the Resignation announcement was nicely crafted :

"As previously announced, Engin is preparing for the fund raising that was planned for this quarter. It is expected that details will be announced to shareholders within the next month."

Now what company would mention we are effectively broke, burning more cash than we have on hand and need a capital raising at every opportunity they get? Normally they try to hype the price, so they can raise the same amount of money but not dilute shareholder equity as much.

What next, should we be on the lookout for the announcement, "Reminder to Shareholders : Capital Raising coming up next month (if you forgot)"