Just reading the prospectus: - $1.335m for repayment of vendor...

Just reading the prospectus:

- $1.335m for repayment of vendor loans
- $2.8m for acquisition of hardware and hosting
- $2.31m for bitcoin mining contracts
- $1.54m investment in bitcoin trading activities
- $1.8m proposed consumer product
- $0.775 expenses offer
- $0.8m working capital

Most of the original cash raised ($9m) was set for mining. Only a small amount of working capital left to pay expenses and salaries.

My take on this is mining is predominantly their main business and it had better be making them a good profit now or more cash will be needed before too long. The proposed consumer product, if successful, won't make profits until much further down the road and in the meantime they will need to rely on mining profits or a cash raising to sustain things.

Other people's thoughts? Do they have other means of raising cash in future?