Capital Financial Global Inc (CFGX)

[rattlewatch]

$770K series B preferred shares sold, think this has a pulse after all. Don't know who the investor is yet, but they must have confidence to do this.Series B go for $1 each and are convertible to common @ a 2:1 ratio.Understand preferred get paid before common in liquidation but this is very risky in this circumstance and a very good sign.

imo

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CEO Update: Sold $770,000 in Preferred Shares


Friday, October 12, 2012 10:59 PM
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We sold another $770,000 worth of our Series B Preferred Shares this week. While this isn't a massive amount of money, it gives us some capital that we can loan back out and generate some fees and interest spread revenues.

Paul Edward Norat, CEO
Capital Financial Global, Inc.

http://www.capfiglobal.com/investor-center/ceo-blog