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$FTK said it has entered into definitive subscription agreements with accredited investors with respect to private placement for gross proceeds of about $30MM. $FTK entered into subscription agreements to sell aggregate of 2.46MM common shares at $12.52 per share. The closing and funding of private placement is set to occur on or about July 27.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.