Seriously? What do you think the use is? it's to keep the lights on and grow the business. I am long this stock. Why is anyone surprised that a speculative stem company needs to raise capital? This is how it goes for all spec companies until and if they begin to generate cash from operations and no longer need capital injecttions.
Um, they already had $17 million in cash.......... Enough to last through the third qtr.... It seems to me, and I could be totally wrong, that they have something else in mind! This is my opinion only, I am speculating