RE:Q2Actually, the private placement is not done yet. They applied for an exemption to the shareholder vote since the number of shares amounts to over 25% of the Company.
The approval cannot be issued until 5 day after this announcement, so August 16th.
Once that approval is given (if it is given), then the PP will occur, but it looks like they already have buyers lined-up, according to the release.
Earnings are due by the 15thm I believe, so next step is earnings, then, on the 16th, we find out if PP is going as planned.