Well, assuming the shareholders agree to this, in about three weeks time we'll have: projected 66% increase in sales this year, with ongoing projected growth; quite a bit of cash; several big backers. And hopefully the whole change of distributor coming to fruition. Better than a poke in the eye.
And there is devaluation percent-wise but not in value per share in dollar terms, is there? Long term, are shares more worthwhile or less after this? Seems likely more worthwhile because the company appears to have a better future this way. Just my opinion at first glance. Other's opinions?
Interesting to think why they want $3m. Last years' cash burn was only about $1m, p19. Are they just playing safe, or do they anticipate payoff around the corner for more cash? Or, best of all, a bigger need for working capital.