new financing tripled to $30m... that was a major increase and a big amount of new cash. I am very curious as to what happened that they went from $10m they hoped to raise and suddenly added 20m.... assume a large strategic investor cam e forward? All rather curious...
depsite the dilution, this certainly will put them in good shape cash wise in a difficult market, so I think overall it is a good move to reduce risk, while reducing upside a bit in return.
any opinions? Not much chatter on here...