Financing facts...Aug.26-$5.0M financing announced - SP $.63 close
Sept.9-$1.0M upsize - SP $.80 close
Oct.9-$500K upsize - SP $..90 close
Closing Oct.23
Closing extended to Nov.2
Closing extended to Nov.6
Closing extended to Dec.1 (BUT DD advises in NR expects to close PRIOR to Nov.20)
Due to privacy issues we will likely never know what happened here. If the offer was unsolicited then $.90 looks better than $.63 so why would renegotiation be necessary.
We will never know, but I sincerely hope this is behind us and we can all move on with a great company and a CEO with a black eye!