The 8K was good, but not definitive, and did not include a lot of specifics. Omniview gets millions (~17M?) of shares in return for a guarantee of raising $100k by the end of the month. They get another 2.45% of the company IF they raise $5M in a year. Lots of questions here, especially in regard to how much that $5M will cost. Will it be simple debt, or convertible? If convertible, how many shares, at what price? Will it result in unacceptable dilution to shareholders other than the Qs, who can always keep up with dilution by awarding themselves shares? Word is that the $5M is already lined up. I'll reserve my cheerleading until I see what the terms are.
And BTW, why didn't AS or PP simply step up with the money? Instead, we're giving away at least 5% of the company plus unknown other costs to raise the money.