Interesting that, despite the fact that no agent was involved in latest money raise  from MMCap for gross US$10 million,  the company states that Nett proceeds will be $9.8 million, which company claims is for "expenses".

US$200,000 for expenses seems high if it is a 'registered direct offering' - although of course 2% is certainly better than paying an agent's fee of 5% or more.

Does anybody have any idea on actual "expenses" that are normally charged in such an offering ?

Suppose  lawyers' fees are part of it...but this would be the second deal with MMCAP so it would be a repeat of previous deal except for price, dates etc... but surely not US $200K .

Hoping for some news that will take the price above US5.00 so major institutions can get involved.

milagro