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Re: PENNIEStoSTACKS post# 60

Monday, 07/17/2006 4:56:24 AM

Monday, July 17, 2006 4:56:24 AM

Post# of 669
The CEO said at the interview at www.wallst.net, that the company " currently is kicking off a private rate" to capitalize the company for the next 3 to 5 years. I think they need some millions to pay all costs and production of clothes for the next 12 months until the company makes real revenues. I hope this doesn't mean that they offer a private placement of, for example, 40 million shares at .50 to have $20 million available!!! Would be a tremendious dilution of, all in all, more than 80 million shares.
To avoid such a dilution I prefer the company gets a private loan insteed of "printing" new shares.
Any idea?