Dear jeff5tg. What I can not understand about you is how you can be very outspoken when it comes to ZBB and be on this message board all-day, everyday but when a chance to have all of your ?'s answered by the CEO himself just by making a free phone call you always say you can't make time for it. What is up with that?. This is not the first time you have done this but like all of the time that I no of. How can you, The person with so many ?'s, A person with so-many things to say about the management and A person that is on this message board every min of everyday not make time for 1hr of one day out of a 1/4 to talk to the man that knows everything about ZBB. WHAT IS UP WITH THAT?. Be a man and make the call or shut-up. Just my two cents. Less
We believe that cash and cash equivalents on hand at June 30, 2013, plus proceeds from a $3 million preferred equity financing that closed on September 27, 2013, and other potential sources of cash, will be sufficient to fund our current operations through the second quarter of fiscal year 2014 and we will require additional investment capital or other funding to maintain our operations thereafter. Accordingly, the Company is actively exploring various alternatives including strategic partnership transactions that may be available to the Company. We are currently in active discussions with several parties regarding potential strategic partnership and/or license and development transactions. However, we have no binding commitments for any transactions at this time and there can be no assurance that we will consummate any transaction. If we are unable to obtain such needed capital, we may not be able to:
On March 19, 2013 the Company issued 1,725,490 shares to Aspire Capital in consideration for Aspire Capital’s entry into the Aspire Purchase Agreement and Aspire Capital purchased 2,941,176 shares for $1,000,000 pursuant to the agreement at $0.34 per share.
On March 25, 2013 and March 26, 2013, Aspire Capital purchased a total of 4,963,600 shares pursuant to the Aspire Purchase Agreement at a price per share of $0.30 for a total purchase price of $1,500,000.
Aspire Capital purchased 500,000 shares at a per share price of $0.30 for a total purchase price of $151,750 on April 4, 2013; 450,000 shares at a per share price of $0.3331 for a total purchase price of $149,895 on April 12, 2013; and 350,000 shares at a per share price of $0.2919 for a total purchase price of $102,165 on May 3, 2013.