RE:Seriously disappointedTheblessed1 wrote: All the talk about enough cash for 2-3 years and now this and at the terms including full warrants (not even half). Plus at this time when even mlre sales expected this year.... and warrants for 5 years.
Sounds like someone strong armed Dr Adams or somewthing.
The cash is good but terms could have been more favorable.
Were we that desporate and where were these financiers when we were struggling for cash?
Seriously disappointed
Having been in this Venture market for years there is one thing I have learned "never get your hopes and expectations up" because about 8 out of 10 times you will be disappointed. Seems to never fail. Seems all management went to the same school to learn how to work the market because they all pretty much do the same routines. In this case with what we have had developing I actually thought it would be news on some business development -- certainly did not expect a financing -- but at the same time did not expect haymaker news.