Quote from: Jaymax on April 28, 2014, 12:04:03 PM

Quote from: AlcheMinerIR on April 13, 2014, 06:50:50 PM

msg6202156

Quote from: Korbman on April 11, 2014, 03:56:59 PM

msg6174169

what happens if you only end up raising, say, 10% of the total $4M?

If the total amount of funding is not raised, the IPO will not be successful and all investors will receive their funds back. The funds are held in escrow by Havelock at the moment.

Hi Jaymax - not sure if this was a question or just a quote for posterity, but this is still accurate. If the requisite capital isn't raised, then IPO investors will receive their funds back. It is possible that the company will raise additional funds outside of Havelock (to complete the funding) if necessary.