Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Remember the flood gates that will open wide?
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Management is likely disappointed (not furious, IMO) that they did not realize the type of investors they we catching in the net of that awful offering. I believe they now know.

Those investors were not interested in taking much risk and they did not. It was akin to making a loan on which you were repaid before you disbursed the loan funds!  

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