First time posting, but have been a shareholder since pre Cocoon...

First time posting, but have been a shareholder since pre Cocoon days, has anyone read and digested the news from this morning:

http://finance.yahoo.com/news/covata-receives-shareholder-approval-second-130000221.html

In particular the following sentence:

"Net cash proceeds from the private placement provide a strong financial foundation necessary to support the progress underway with the company's Fortune Global 500 aerospace and defense prime contractor 'Prime' referred to in the last quarterly update. Key deliverables have been completed with the Prime and the second phase of deliverables outlined in the last quarterly update, known as 'Future State' are in the advanced stages of approval between the Prime and the customer. These deliverables are part of a multi-year program and formal approval triggers the Covata licensing agreement, which the company expects to generate material revenues in the next three to six months given the size of the contract between the Prime and customer."