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S&P 500
5,615.35
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0.55%
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US TECH 100
19,804.00
(
0.64%
)
Dow Jones
40,000.90
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0.62%
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84.57
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1.40%
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Gold Seeker

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Gold Seeker

Re: dakota post# 5402

Wednesday, 09/27/2006 1:09:08 PM

Wednesday, September 27, 2006 1:09:08 PM

Post# of 30387
For BOCX, the stock is their currency. At 50 cents, they cannot pay the bills without issuing a lot of stock. Paying Lampost Financial to move the stock to BB status increased the effective currency at least temporarily while waiting on something else that could increase the value of the stock. It could also have been done in preparation for an expected movement. Whatever the reason, it did boost the stock and at least the company is exposed to a lot more investors.
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