Cirque Energy Inc. (fka CRQE)

[onemessageonly]

No..... they never used them for that. They would have had to file a S-1. They did borrow around USD50 thousand from them though. Kodiak is a bit off though..eh? They will commit to funding...but you have to pay them in shares(before anything)....and then they will underwrite the S-1. I have only ever seen a few companies(at most) actually put the S-1 into "EFFECT". Then after a few "puts"....the company pulls out and withdraws the S-1 RW.

The company was never in the position to use them anyway. You can not use something like that unless You are around a dollar plus. Even then, when comps have used them....it's quick...and the S-1 is always withdrawn.