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Re: I-Glow post# 138528

Thursday, 05/03/2018 7:01:08 PM

Thursday, May 03, 2018 7:01:08 PM

Post# of 203914
Goodness, I read the 8K.

This is a financing situation that appears on the surface as a $5 million cash investment, but the details say something completely different.

In OTC Land, it isn't all that unusual for a private investment to be made to the company in exchange for a whopping pile of shares at a substantial discount to current market value.

In other words, the company gets sorely needed operating cash, most of which is used to enrich insiders, while the investor is granted a tanker load of shares which are, for all practical purpose, essentially free.

The Nasdaq's third tier, the AMEX can be just as bad, and last but not least, the OTC, it seems, are financial venues that reward failure.