"A bit disappointing, cash at end of qtr was $2.829M, which is...

"A bit disappointing, cash at end of qtr was $2.829M, which is plenty!!!

So yeah, for what???"

Yes, surprising. They also have some $1.3 million worth in MTH, ATE, PTR, and TMZ shares. Will be interesting to see why they are raising capital, to whom, and at what price. I would have thought that the current deflated share price doesn't provide the right environment to raise capital. They aren't desperate for cash so imo there needs to be a good reason for this. If not then imo its a poor judgment by the board and I suspect this may get sold off strongly. Perhaps some sort of cornerstone investor to join the registry?