riddler 28 Apr 2009 17:25
This is the part I was thinking of:
"The Company has entered into a £5.0 million SEDA with YA Global Master SPV Ltd, which was advised by Yorkville Advisors, LLC. The SEDA enables the Company, at its discretion during the next 32 months, to draw down funds in tranches in exchange for the issue of new equity on terms related to the prevailing market price at the time of each draw down. "