InvestorsHub Logo

rca

Followers 18
Posts 1850
Boards Moderated 0
Alias Born 03/25/2006

rca

Re: None

Friday, 06/23/2006 2:21:07 AM

Friday, June 23, 2006 2:21:07 AM

Post# of 15765
Structured financing. Read this Serf:

http://www.investorshub.com/boards/read_msg.asp?message_id=645833

Now what he's talking about, financing through share issuance at the lowest price of the 20 days period at 90% is what it appears Corey is doing. But I don't think it's 90%, I think it's more like 50%. And I think it's the lowest trade in 30 days. JMHO.

So someone has a note, and isn't legit. like what's described there, and gets the price down, has shares issued, and then tries to pump it up.

Now Paul, what he did, is he invented a note. Over at CCDX he calls it preferred shares. Same dilly. And he prints and prints.

Certainly there are legitimate reasons for this type of financing as is described, but what we have with NTCV and CCDX is complete chaos at the expense of the shareholders and for the benefit of Paul's wife's $800,000 house in Delray Beach Florida.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.