TSXV:RHT.H - Post by User
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TicTacToon Nov 21, 2020 8:47pm
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Post# 31947983
RE:RE:Underwhelming US partner participation
RE:RE:Underwhelming US partner participationVaporware, vaporware, vaporware ... And along those lines, we have had strong demand from our clients and partners, like some of the larger new ones, who want to invest in the company. So that, from my perspective as a full time CEO, is the best possible outcome that you could have with clients and partners that they are so keen on the business and have such faith and enthusiasm for the potential of the business that they want to actually make a tangible investment into the company. And our clients and our partners understand our business and our target market better than anyone. So they are willing to put their money where their mouths are and then have some skin in the game that's incredibly positive sign, and we obviously want to encourage that kind of alignment with our clients and partners.
So as we announced on Tuesday, we are undertaking a $2 million non-brokered private placement, which will be led by our clients and partners. As a result of significant demand that's come in over the last 24 hours or so, I guess 48 hours, we have decided that we will upsize that raise to a maximum of 3 million. And based on that high demand -- and we do anticipate kind of wrapping this up quite quickly. So we're not looking to expand beyond that but we do want to recognize the interest that we've received in that financing.