Post by
lscfa on Mar 03, 2016 5:50pm
Financing should be closed now
Strategic investor has committed to $3.5 million, insiders $200,000 for $3.7 million or 6 months at burn rate of $600,000/month......6 months buys us time for stock to get to $0.12 and exercise of 1/2 warrants for $2.2 million, which buys us time to get stock up to $0.20 and exercise of 1/2 warrants for $3.7 million.