my take on placement

Patersons phoned up Rudenno and said they had some instios interested in coming aboard the SSN gravy train. The result was an instio only placement (at a very favourable price)that was already sold out before the supp. prospectus ink had dried.
$21M cash at bank now plus the Slawson money and the Roosevelt sales proceeds gives a grand total of about $40m.
They are cash rich!