Gary,
"I believe the last raise wasn't to facilitate an order because and I hope they would release an announcement to that effect if it was."
1) My man, you REALLLY need to read things more slowly. Go back and read the announcement of convertible raise again...SLOWLY. Maybe twice (I read them multiple times). Then come back and tell me that again.
2) Hope has no business in stock investing. Companies announce (or don't announce) things for many reasons. Their primary obligation is NOT to informing us about what they are doing... it's to optimize their odds of success, which often means NOT telling investors what's going on.
Those who pay attention can often figure it out without being told (which I LOVE, because that's the advantage that keeps my net worth moving materially faster than the masses).
;-)