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Thursday, September 23, 2010 12:31:02 PM
Management raised a very small amount on September 10th. Here is what was stated in the 10-Q.
On September 10, 2010, the Company received $1,240, net of $110 in fees, from Dutchess Opportunity Fund II, LP on the issuance of 60,000 shares under the terms of the May 4, 2010 Investment Agreement whereby Dutchess committed to purchase up to $5,000,000 of the Company’s common stock over a thirty-nine month period. .
The 10-Q provides information about financing through September 15th. There may have been some activity regarding the equity line subsequent to September 15th.
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