Not sure what all the fuss is aboutWe all all knew Nexo was down to 0$ in the coffers by now, and they needed to get money from somewhere. We all suspected something was up with the pp. We were hoping for it to be a big improvement, and it ended up not being good or bad, just different. Taking the shares and warrants into consideration we ended up with about a 10% dilution at market price. I find it very uncommon to get financing higher than the stock price. More often than not, It's much lower.
You never want to go to the bargaining table while in a position of weakness, and it doesn't get much worse than not having any money. We can now proceed with negotiations for A.I licensing, as well as manufacturing and distribution deals for the DT and smartphone camera lens, in a postion of strength. We've thus far retained full ownership of all technolgy, and have the funds to move forward for the rest of the year. I call that a win.