If you read some of my posts, you'd know I've been critical of the raise. The spin was, they were needing to keep the cash for I/O operations and therefore they needed the raise to accelerate other programs - but they also have unused facilities of around $4mill - so why dilute in the first instance?
So even with the raise, it still doesn't explain the sales at these levels - particularly as they have more money, courtesy of the raise. Are we in for a shocker Q report that some may know already - else sales at these levels do not make sense.
CUF - A Bright Future For Shareholders, page-601
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