RE:RE:RE:Placement at .23/ShareI dont mind the discount as the one year lock-up period kind of makes up for it.
However, I would have liked to see at least double the amount on the deal.
As of last reported Qtr (July/24), the company only had about 125k in cash.
Currious as to what the current balance sheet look like?
This adds $1M of much needed cash for sure, still not sure how much you can do with that in terms of marketing/sales personnel with little revenue coming in from the legacy business.
Expect the company to articulate a go forward plan on the Oct/24 Qtr report.