While the PR did say:
"The net proceeds of the offering will primarily be used to repay the Company’s $68.8 million secured loan which matures on December 26, 2017".
That is great of course, but we all know the company has said they "will" do other things, and then haven't. So I sent the following email to Sarah/Clayton. My placement of his name after hers was purely intentional :)
Sarah/Clayton,
Fantastic news guys, I hate the price it happened at, but it is what it is.....and it was absolutely essential.
How will you be notifying shareholders when the loan has definitively been retired?
Regards,