Thursday, April 24, 2014 1:37:43 PM
"Agreed. Why would Hudson even think of that Private Placement that was to bring in $2,500,000? That seemed silly. But, he hasn't announced that it was cancelled. I think that it was 'suspended'.
And that's why he set up so many news shares in CWIR. The amount of cash that can be realized is potentially 10x's (and much more) than what would come from the PP.
Get this:
6 billion x .01 =
sixty million dollars!
THAT'S $60,000,000 if CWIR sells shares at .01/share.
That just has to make Hudson 'salivate'. And as I have said before it could be a very good thing for many....so, why would he want a PP? But, now he has to get this all through FINRA!
##### OF COURSE THIS IS ALL FOR EXAMPLE PURPOSES.
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