Frankly FRNKF

S1 filing

[lscfa]

It appears to confirm an issue of new shares for net proceeds....

We intend to use the net proceeds of this offering as follows:

 

		$       to increase sales and marketing investments (including channel partnerships) to increase market share and expand into other verticals;
		$       for product development on existing and new products including CMS, mobile and TV apps, and video workflow;
		$       for development of new business lines in big data and digital advertising;
		$2 million to partially repay amounts outstanding under the Credit Facility; and
		the balance for working capital and general corporate purposes.