RE:financingWell yes if that is the case then the October 19th deadline won't go through if indeed it is some sort. Of Sweet heart deal. Can't help to think otherwise. The 4d hear model would be at least a year away and would need way more than 5 million to get it up. And running.
bluemoons20 wrote: The cynical take on this is that they are taking care of friends who want to get in before the buyout but do not want to go into the market to buy and drive the price up to get the number of shares they want.
Talk about sales force does no make sense with GE involved and doing the sales. And if the product is not good enough for the market, then they should have said so before.
This dilution at this time and price certainly does not make sense given all the discussion to date.
Overall very dissappointing and not even worthy of a halt given the timing of the Halt and announcement.
GLTA