It would seem the iBankers would be the 2nd round of funding, not the first.
Who cares what round?
If this eCat thing actually works/worked, all the capital possibly needed would be banging the doors down. The secrecy and failure to meet their own deadlines for demonstrations is not “good business,” and it certainly isn’t science.
I guess we will get to see what $11 million buys.
(How is this transaction verified?)