Post by
KennyLogins on Aug 05, 2015 3:05pm
New private placement?
Why did they announce a new private placement last week? Why not just do a third tranche of the existing PP? Seems to be the same terms as the old one except the min/max change from $100,000 - $1,500,000 to $50,000 - $2,000,000.
The termsheet from the previous PP said they needed $750,000 for the capital program this year. They only ended up raising $248,500 between both tranches.