This tells me at least XYNH will use the EXTRA appx. $500,000.00 Plus the $377,000.00 they already have in the bank in all CASH to finally Get this Company going forward in 2010.
Lets see $377,000.00 plus this additional appx. $450,000.00 tells me XYNH will have Appx $800,000.00 or so, to Get this Hydrogen Assist device to Market in 2010. IMO
Now unless anyone here knows more then I do, my guess is just as good as yours might be.
IMO, it is still GOOD News for XYNH shareholders, this tells me at least XYNH still feels they are on to something BIG, and just need the additional money to see it all through, they could of said OK enough is enough, the hell with the Present XYNH shareholders and just did a BIG Reverse Split, notice they will not do this, and hope in the future NEVER will have to.
IMO The XYNH Glass is still HALF FULL, with todays News, NOT!! as some Bashers here continue to say, is Half Empty with no possible future Revenues or whatever forthcomming in 2010 for XYNH.
BTW-Law Suit might almost be almost over as well, for them to File this New SEC request for additional shares for cash. IMO