Also, he said $40mm of the $70mm or so desired was lined up (could be more by the time we see it) My question is this: he said this was for ~3ish years of funding yes? Why would we raise for more than a year at this SP? Why not start with a year? ~$25mm at this SP is much less damaging than ~$40/70mm. Unless the financing is non-dilutive, but it doesn’t sound this way. If we can do what we’ve done in 10mo. And can bang out $40mm already, why not get through this SP crisis then raise? Why at the lows? Why proceed this way at this time, but not alleviate dilution with the divi? This story is a mix of great with questionable sequence of events. Sequence of events matter in finance.
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