RE:Necessary growing pains...Well it will be interesting to see how quickly the offering is closed and if the oversubsription is filled or not will be a good indicator of the interest in Exro. These things are a necessary evil to grow the company but seeing how nobody is going to give them any free money they have to take place and will increase the OS to just over 70m which is not ridiculous by any standard in today's markets.
" The net proceeds raised from the sale of this Offering will be used by the Company to fund development of the Company's current and new technology programs, the buildout of its new Calgary Innovation Centre, working capital and general corporate purposes. The Company may at its discretion increase the size of the Offering up to $4,000,000 to accommodate oversubscriptions."