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sounds good. Let me know what you think Options.
forgot to post this in my last message:
http://www.cnepetroleum.com/
there is their website.
investment philosophy: get yo money right
tough times don't last, tough people do.
Thank you bob.. I will take a look at that one
hey, i forgot to share my preferred stock to you guys.
check out CNEH
I own quite a solid amount of it. They truly are an impressive oil drilling company in CHINA!
The stock price has slid in the last few days! - making it a screaming buy right now! I am still majorily in the green with them.
Highly recommend it and screaming buy right now fellas! Please do your research and DD ofcourse.
yeah, i took a brief look over. not impressing enough for me to move around funds to own shares in it.
but hey thanks for the heads up! i do appreciate when people suggest stocks.
any news on that financing approval???
investment philosophy: get yo money right
tough times don't last, tough people do.
Come over to ncey.You might like it!!
Hopefully we hear something tomorrow
JDO: L2s looking a bit better this morning. .99/1.00
No I think we should get Flush Bob on it!!!
Get Trend on it!!
Did we ever get that ??? answered or is fed still working on it?
You tell them dog!
Jed get the price up!!!
Someone needs to ask Fed he's good!!!
And as a mod I delegate to Doggone01!
Information on oil Click here: #board-6609
can't...on my way out. busy over here. i pass the baton on to you...as the moderator! gl. lol
That one was even better!!!
Hurry up then!!!
maybe we need to ask IR and email the people at JDO??....lol...before it's too late and there is a sell off taking us to .000000001
lol
Wait! Ask Trend!!
LOL.
well dammmmm.
I'm not sure ask dog
I'm not sure ask O M.
LOL.
is their june 3rd financing still on the table though or is that now replaced with this new "private placement financing" deal???
Flush bob I just wanted to use that phrase somewhere this was the first chance to use it in fun!!!
Like that part..
i guess if one is to re-load or buy in...now is a good time because it is under a dollar
"The price of the Common Shares to be sold is subject to negotiation, but would not be less than US$1.00 per share. The private placement would be offered to persons meeting the definitions of Accredited Investors under the securities regulations of Canada and the United States. "
so im guessing, even with the dilution, the stock will average up with the issuance of the shares being prices at higher then a dollar correct????
A new tec phrase!!!
well, that rhymes at least, lol
Missed that filing as well, thanks guys!
Thanks for the post MWM!
From today's filing
Common Share Private Placement
The Shareholders will be asked to approve an ordinary resolution to approve of the issuance of up to a maximum of 65 million Common Shares by means of a private placement. While the Company has come a long way in the past 18 months to restructure the management and finances and increase the assets, a new infusion of cash is needed to continue to grow. Shareholder approval to issue more than 25% of JED’s Common Shares is being sought under the policies of AMEX. At this time, the Company has not negotiated terms for such a private placement, but has been in talks with several possible investment groups. The price of the Common Shares to be sold is subject to negotiation, but would not be less than US$1.00 per share. The private placement would be offered to persons meeting the definitions of Accredited Investors under the securities regulations of Canada and the United States.
Management is asking for approval of up to 65 million shares, because it would like to raise working capital to grow the Company of at least US$50 million. In addition to new investors, the terms of JED’s Series B Preferred Shares (“Preferred Shares”) and 10% Senior Subordinated Convertible Notes (“Current Notes”) require the holders to be offered a pro rata share of any new equity offering being sold for cash, so additional Common Shares have been added to the maximum to be offered to cover this right. If prior to any such offering JED has redeemed part of the Notes and issued Amended and Restated Notes for the balance, the holders of such Amended and Restated Notes will not have a right to a pro rata share.
Currently JED has 26,804,475 issued and outstanding Common Shares and the issuance of an additional 65 million Common Shares would constitute approximately 70% of the issued Common Shares. Currently management is not aware of any persons beneficially holding, directly or indirectly, 10% or more of the Common Shares, but it is possible that holders of 10% or more of the Common Shares could be acquired in such a private placement, and that a change of control in JED could occur as a result.
Yep..Next Tuesday!
ahhh! makes sense now. thanks!
Sure and next your going to tell me you both know how to use a computer!!!LOL
Fed taught me!
You know how to read too???
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