New Release, page-19

They should have raised capital much sooner. We all knew this company needed capital and they had ample opportunity to raise at much high prices 6 months ago. You cannot possibly run a start up like this one just on the smell of what little money they had. You need hard cash in the bank for all to see. Management let the kitty run down way too far before trying to raise funds at what is now rock bottom prices. Furthermore, this cap raising was announced almost a month ago now not a word since about the retail entitlement offer. What is going on here?