Bruce basically stated that over the last 10 months the directors have put in several hundred thousand dollars of their own money to keep this thing moving but at this point are looking for additional short term funding from shareholders to keep CSMG afloat via the convertible debt offerings.
I'm not sure if its good that they are looking outside for funding now but the fact that directors have ponied that much up in the last few months I find positive.
Also Mr. Piazza sounded genuinely optimistic and excited about LTC's potential and there was a general feel from everyone who spoke that securing PE funding was not going to be a major hurdle. These again though are only my opinions.
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