indeed...lol. Just for the record it was not my intention to imply the floor would be .64 based on average trade. Just that the heavy interest in this company is driving the share price. And clearly manifesting in the demand to increase the financing. The thing that I am focused on is that we are starting to talk about significant dollars here. You can buy an 8 inch silicon line for $100M or maybe you just want a corner of it where your equipment resides. Money is needed for this company to grow as rapidly as they can while meeting the objectives of their co-development agreement.
The net proceeds of the offering will be used by the company for general corporate matters.