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Message: Sonomax completes $3 million equity financing

Thank you Agoracom for posting the news. Whille I hate more share dilution I must admit that I am very happy with this dilution. The financing was done at 5 cents which is a 43% premium over todays share price of 3.5 cents. This is key because the investment come from some significant institutions who do thier due diligence very well. They see significant potential otherwiser they would not have entered at such a premium in my opinion. Sonomax is cashed up for the next 12+ months and I suspect this will be the last financing prior to this company turning a profit.

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