razorback74, I am an expert regarding SEC filings;
An S-1 is to register stock to sell. It is not particular to any use for the stock.
The use of proceeds for this one;
Use of Proceeds:
We expect to use any proceeds received from this
offering for repayment of debt and general corporate
purposes, such as research and development,
business development, working capital and capital
expenditures. For a more complete description of our
anticipated use of proceeds from this offering, see
“Use of Proceeds.”
It is embarrassing to read with so many blanks. Once TDCP fills them in N I will explain it to you more specifically.
There is no positive spin to the S-1. Shareholders will pay the price.