Not sure where you are getting phase 1b from it says phase 1 not...

Not sure where you are getting phase 1b from it says phase 1 not 1a which according to the harvest website is for the expansion over the next 12 months. Plus there is a picture that shows it pretty well. https://static1.squarespace.com/sta...b4cfd9/1491382186904/Investor Deck_150117.pdf

The picture you are referring to says the 4 860 000 is an estimate of the expected general and administrative costs combined with additional costs associated the listing costs. General and administrative costs are what you use to run a company.

That same link i posted says they were allocating 2,400,000 for General Corporate (expenses) & working capital and 1,600,000 for Transaction Costs of the deal ( you did say "What proportion of the sale is going to G&A?") when it was only planned to be 15mil total. So they have added on 860k from what they originally planned plus the 413k you mentioned. If that isn't enough it wont be with in the next 6 months.

The $25 million raised by harvest one essentially was a CR. Saying another one is going to happen 2 months later doesn't seem accurate from what i have seen.

7500kg if they can sell most of it is a lot of money and satipharm is supposed to be a profitable growing company too.