DVP25 - Funding can of course come from outside the US, but this debt instrument was executed by MCLD when it was on the TSX and held by a Canadian banker. That is where the problem occurs when you go to the NASDAQ.
I couldn't figure out why they couldn't raise $10M, because usually half of the old/existing money participates in the new deal (ie. maybe the $5M from the Canadian investor guy/forgot his name). They can, but only with new funds, as they cannot roll their existing funds into the new debt instrument. Sorry for any misunderstandings, typing on my phone in a loud airport. Prime
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