Dear stockholders, I also consider the financing a 8% to be at too high a rate in this low interest period. And the warrant conversion at $5.75 is $4.25 too low. Perhaps the directors are voting in favor because there is something in the deal for them. There little in it for the current stock holders. I voted no and suggest all other stock holders do the same.
Addendum, Are the the Board of Director members opening themselves for a lawsuit for not disclosing the $7.50/share offer and putting it to a vote? This would cause more problems and waste company (shareholder) money, B. Popadyk