Why only 5m? It was well played getting the raising at 35c.
Was cash burn around 400k a quarter, (I can't remember). If so that's only 12 months of operation.
Also will this money be used to pay the day to day bills, or development? I would imagine to pay the bills and a bit of dev work but what more do they want to do innovation wise, I think most dev work would be on the integration effort into partner hosted platforms but ultimately they will still someone need to start getting some $ in from these partnerships.
News: DUB Dubber Corp seeks trading halt, page-12
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