As previously reported, on April 21, 2010, the Company entered into a Sales Agreement with Brinson Patrick Securities Corporation (the “Sales Manager”) to issue and sell through the Sales Manager, as agent, up to $10,000,000 of common stock from time to time pursuant to the Company’s effective shelf registration statement on Form S-3 (File No. 333-165960). Through April 28, 2010, the Company had sold an aggregate of approximately 2.7 million shares of common stock under the Sales Agreement at a weighted average sales price of approximately $0.52 per share, resulting in offering proceeds of approximately $1.34 million, net of sales commissions.
Only 7.3Mil more to raise...... Should take a couple more weeks?