RE:RE:RE:Would AnyoneTo be honest, there were three things I was hoping for with my last message - Gauge investor sentiment, start some conversation as this BB has been quiet and was hoping the investment gods would slap some news in my face for getting impatient. Looks like I was able to get all three things!! Nice to see funding come through and that they AXE is not in a rush to raise the remaining funds. Hopefully that will relieve some of the selling pressure or cause investors get off the sidelines who expected an immediate PP.
One thing that stood out was the “other activities” below. Any idea what that could be? Is that just another way of saying Private placement or could this be a spin out of the tech or something else?
Acceleware estimates the cost to complete the RF XL pilot will range between $16 to $20 million, and over the next 15 months, will execute its plan to fund the remaining $6 to $10 million with a combination of financing from additional industry partners and other activities.