Spectra7 Microsystems Inc (SEV)

[FutureGNR]

Difference between the last, pathetic raise attempt and this one:

The last raise was announced by Raouf Halim as a "modest" PP expected to close "sometime" in March, with no terms disclosed. They have never presented previous raises in that way.

This recent announcement, made by Ron Pasek, stated very clearly the terms of the raise, including a very complex full restructuring of the company's capital, and it was said that it will close "on or about" May 7. That term, "on or about" is very common from thousands of companies doing PP's, and the "about" part happens frequently where the closing is a couple of days later than initially anticipated.

In the past, when Spectra7's earlier raises closed late, it was always due to an increase in the amount, which in turn was due to it being oversubscribed.

There is no way to close the very complex raise they announced on Monday in just two days. This raise has been in the works for at least a couple of weeks, with all parties already having agreed to the complex terms.

The Wed. May 7 closing date, just two days after the announcement, was a formality announcement. Everyone on this particular raise already committed to their part of it.

That fact that it did not close on the 7th (it is NOT late, by the way, as they stated "on or about,") suggests there may again be a increase taking place.

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