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Re: bostonbri post# 1607

Friday, 01/20/2017 12:45:34 PM

Friday, January 20, 2017 12:45:34 PM

Post# of 2812
The Company intends to use the aggregate net proceeds from the registered direct offering and concurrent private placement for working capital, repayment of indebtedness, including approximately $1.028 million to be paid to five former senior executives in satisfaction and settlement of approximately $2.9 million in severance obligations, and general corporate purposes.

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