Spectra7 Microsystems Inc (SEV)

[prototype_101]

initial take, although highly dilutive, sounds very promising, already oversubscribed, and it sounds like the warrants will be exercised fairly quickly for additional cash raise, the convertible debt is eliminated, and sounds like the ultimate target of raising 24 million will likely be achieved (will have to reread this)

now this sounds more like the PP to fund the 800gbs ramp, that was my initial concern with RH's "modest PP" it reeked of being nothing more than a keep the lights on PP, major goof up to do it like that on first pass they should have done a larger PP showing investors they meant business to have cash to ramp for 800gbs even if it would have dropped PPS from .60 down 50% to .30 to get it done it would have been WAY BETTER than the new .10 raise, but bottom line, investors need be thankful they did NOT pull a RKLY and fold the tents in middle of the night and eliminate shareholders completely