I guess it is all in how you look at things. Did you expect them to be able to raise $30M? I didn't. The fact that they got $2.5M is more than I was expecting and everyone has to admit that it is better than nothing. Bottom line - it puts us in a better position than we were yesterday.

The terms are horrendous if they convert and sell at these levels. I think the goal was to get the Series H out of Magna's hands and into friendly hands in it for the long haul. If they accomplish that, we are in much better shape.

If the new investors are friendly, it is much better than kicking the can.

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So another million of series H sold, further dilution, and 1.5 million by infusion to pay off the partial agreements of other series H holders.

The only highlight of this announcement is the 7 weeks of trading restrictions.

We were looking for 30 million in the growth Monaco forum announcement and received 1 million on the same horrendous terms we are trying to get out of.

It's hard to be excited about this, just playing kick the can.

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