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Re: Toons39 post# 34033

Monday, 02/23/2015 5:05:23 PM

Monday, February 23, 2015 5:05:23 PM

Post# of 87250
Hi Toons39,
Just read your posts (I have to filter and follow just a few due to amount and quality!)
You are bang on from my understanding.
Well Fargo and Cannaccord were to lead the uplisting, and they failed to secure the 150m required.
The price at that time was in the order of 6.00, and the prior financings required that.
I suspect they could have filled the offer at less than that.
My take is by pushing a higher number, they lost the deal.
So entered the debt spiral-conversion-shorting...
Then again, this afforded us the chance to get in at a discounted value.
If they can finalize the debt, this should take off.
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