strategic partnership & a$41m fund raising, page-53

nosurprises, must admit that I'm surprised that they're getting control at a discount. I thought the "standard" practice was little placements at a discount and more substantial placements (10% or more) at a premium. Bit unusual.

Anyhow, will wait and see what happens. It is a binding deal, but like someone pointed out above, someone else can come along, take a chunk of the company and vote it down. But I would have thought in looking for partners, any potential other bidders would have flushed out and eliminated for one reason or another.