RE:PPI did comment on this by posting the offering document with underlining of what I thought was important but stockhouse removed it as "Advertising" so, just be aware that the document about the offering is on the Boardwalk site . I'm still not sure if i can post it so.......
Here's what I considered important,
"The Company will not close this Offering unless the Company reasonably believes it has raised sufficient funds to meet its business objectives and liquidity requirements for a period of 12 months following the distribution; and
The Company will not allocate the available funds from this Offering to an acquisition that is a significant acquisition or restructuring transaction under securities law or to any other transaction for which the issuer seeks security holder approval. "
"The net proceeds of the Offering are intended to fund general working capital needs and to invest approximately C$700,000 over the next 12-18 months in additional sales and marketing resources needed to close prospective deals in our sales pipeline, that would be less likely to close without these additional resources. Given that the Company engages in multiyear engagements, the Company believe that improving its balance sheet will also augment due diligence and closings with those enterprise customers as well, while it simultaneously progresses towards its profitability objective."
"With the additional sales and marketing resources, with better targeted customer expertise, the Company does believe it could grow faster and thus achieve its profitability goals sooner. "
These uses for the money seem sensible to me and I'm reassurred about the liquidity for 12 months .