RE:RE:So why does VSBY need USD$9.2M ?Thanks to hiillman and cafecuban for your thoughts, so let's go through them:
1) I doubt that there is any cash rquirement by any partners as this would have been previously disclosed by Jay and that financing would be necessary.
2) Expansion of the in-house teamis highly unlikely as this would be handled by the increasing cash and Jay would have disclosed this earlier as it would be planned well in advance.
3) Need for cash highly unlikely and VSBY is currently at 1500 deployments and on track for 5000 by year end.
4) Acquisition- highly likely! Jay cannot disclose this and it would make sense to justify the increased SP. Given the current cash position, new partnerships and the progress being made this has to be the reason for the cash raise.
I believe that this option makes sense for multiple reasons, especially given their growing portfolio of partners and support from large market cap players.
I also believe that this company will be acquired within 3 years, by the end of the AB /Modelo deployments, sooner if the 911/other business potentials come through.
GLTA