Hard to imagine what they are going to do with $35M - like most companies, just let it sit idly in the bank while investors ask what they are going to do with it? Sure, the PinPoint launch will take some money, but not more than $5M. Why raise $5M when you can raise $35M - more money for the bankers!
tredleon Out of curiosity, where do you come up with $35 million? As best as i can tell, the shelf was for a maximum of $100 million, and the latest press release does not indicate the number of shares that will be offered at this point or at what price. regards endo