I don't know....was it the best option to give away 53% OF THE COMPANY FOR NEXT TO NOTHING? Where is our gentleman on the advisory council that is a supposed loan genius? Obviously getting more money is better than going bankrupt. But at these levels and the current valuation, cut in half, doesn't mean much value for anyone, now, does it?
This step only delays the inevitable, unless they quickly bring a product to market that has commercial value. The silver lining is that Vancouver's involvement is minimized.