I'm not sure why so many here are expressing such glee over this. Dilution! Financing with an initial 33% premium!? (12 cents a share versus current 16+ cents a share).

This may sound stupid, but why didn't they just sell shares already authorized on the open market? Yes, the PPS would tank a bit, but if tactfully done they would have done better than 12 cents a share. It may be due to the perceived urgency of the need.

Just giving it a quick think here, but might they have to get more shares authorized if there is no PPS improvement DPQ? Maybe this bodes well for expectations.

And how much money up front? $250K? Please correct me if I'm wrong, but that's about one month's burn. Another $250K? One more month's burn.

What to do with the money? Pay for burn, prior financing expense, and IMO the inevitable payback of production oversight fees from the Maycom debackle (est. $500K). IMO this is occuring now because of the latter. Oh, and then there's promoting eVU.

But, on the brighter side, they will have access to future funding to hopefully make a good go of it with the eVU. I'm also glad to see that Fusion doesn't short against their holdings.

I don't like that name "Fusion" however. Seems our last dance with a Fusion ended as fast as someone was able to "name that tune".

And I KNOW nuttin'!

SGE