Well, that's certainly vague enough -- from the 10-K:
"During the first quarter of 2014 the Company raised additional working capital of approximately $600,000 through the issuance of debt and equity instruments."
It seems a LITTLE explanation would have been in order, doesn't it?
No 8-K filing that I could find?
Given the previous PIPE deals have resulted in almost incalculable potential dilution, one has to wonder what the terms are.
Not that it matters in particular, of course; barely a nudge in the 10.5 MILLION dollars in liabilities CTTC has and barely enough to cover two MONTHS of operating expenses.
Maybe they needed the cash to cover Conrad's salary and benefits -- I bet he doesn't take stock for services rendered.
