3Q13's.$11mm.fund.raise.fees.=$78K---3Q14's.$8.2mm.fund.raise.fees=$800K!!!!! YIKES!
Now, everyone knows what "financial engineering by BH" truly means.
More cream for OTHER kitties, apparently.
BH took down $1.5mil of this one instead of $10mm of the previous $11mil fund raise. Hmmmm...suppose Barry's "enthusiasm is waning?" Couldbe. Couldbe. Bet he's not happy with this being under subscribed by his new C-F, and Wainwright BFFs. LOL
FWIW dept:
costs in this sector are reported to increase approx 15% YOY acc'd to stats out yesterday (I now forget where I read it, sorry.)
So, looks to me like there is a potential shortfall in this announced PP fund raising???? announced after the bell ystdy.
Or is there another shoe to fall, aka. a debt financing deal yet to be announced?
Looks to me like they should have tried to raise $14-16mm with their pre-announced lofty plans to be in production sometime late 2015. Oh, that's right. We've heard "in production by" utterances for what, about 3 years now?
Not an ounce in sight, people.
