Spectra7 Microsystems Inc (SEV)

[FutureGNR]

The more I read it, the more it makes perfect sense how they are going about the releases.

It would be really odd to announce the closing of the Private Placement, and then leave open the result of the Debenture Amendments, for which it was very clearly stated that it would take a little additional time:

"The Proposed Debenture Amendments are subject to approval by the TSXV, formal approval from the holders of the requisite principal amount of the debentures, and the finalization of supplemental indentures."

And if there is still any doubt about why we are waiting to hear that the PP already closed, I will point you once again to this ever-so-clear statement:

"The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."

.
.
.
.