Just me guessing, but most of the money probably came from the preferred shares sold. It was a $1 million offering... seems logical that that's where it came from since the down payment was also $1 million. The second question of the name change..... I think it's not as simple of a thing to do when shares are involved with a public company. I'm guessing the audited financial would need to be completed before changes like that could be made. SEC changing a stock ticker might require all filings complete. JMO and thought.