Bingo Nation Inc. (fka BLTO)

[tony1775]

Wednesday, 04/09/14 09:19:47 AM
Re: Sduplantis18 post# 17345
Post # of 18183

I think they want the PPS to drop. They could come out with a PR "letter of intent" at anytime. IMO this will fall below the .09 support level before news. $$VKML$$
Tried to give my two cents, but what do I know.

Wednesday, 04/09/14 10:00:03 AM
Re: SilentSniper post# 17353
Post # of 18185

My reasoning is if they cared about maintaining the PPS at the support they would have issued a "letter of intent PR, but they have not. $$VKML$$



When it comes to bringing in private capital, the deal must also be carefully structured. Specifically, the amount of stock owned by investors that the new owners do not know and cannot influence must be diminished so that a stable quote can be established. Usually, this is done by reducing the percentage of the total number of shares these investors own. By doing so, as an added incentive, the private investors can be offered stock at a discount to the market.

http://www.entrepreneur.com/article/52820