No, you did not miss anything. * The board is weighing the pros & cons of the R/S. * The primary purpose of the R/S is to secure better financing from Institutional Investors without sacrificing shareholder (insiders too) value. Apparently the Institutions are the ones applying most of the pressure for the R/S because they want to become stakeholders on this bandwagon too. * That 3 million bucks is going into expansion for new sites, equipment and new hires payroll. * I think the Board should continue focus more on when will SGBY become profitable and balancing the R/S into the equation.
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