not sure if this helps us at all. remember this:
The total aggregate number of shares shorted in 2005 is approximately 43.36 million shares. The EZTO SqueezeTrigger price of $0.067 is the volume weighted average short price that all shorts are short shares of EZTO. A short squeeze is expected to begin when the share price of EZTO exceeds $0.067. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit
MIAMI (Business Wire) -- EZ2Companies.com (OTCBB:EZTO) announced today that it has secured a funding commitment from Cornell Capital Partners, LP, a private New Jersey based private equity fund, to provide EZ2Companies with up to $10 million in financing, primarily for marketing and expansion purposes. Under the terms of the funding agreement, Cornell commits to provide up to $10 million under a Standby Equity Distribution Agreement ("SEDA") to be drawn down over a 24 month period at EZ2Companies discretion in tranches up to $250,000 each. Once a registration statement is filed by EZ2Companies, and declared effective by the Securities and Exchange Commission, (SEC), the SEDA allows EZ2Companies to raise capital as needed over the next 2 years.
In addition, EZ2 sold an aggregate of $500,000 of fixed price Secured Convertible Debentures to Cornell. The structure of the convertible allows Cornell to convert, at their option, into common shares of the company at the fixed price of 4 cents. The company received $250,000 at the time of the signing with an additional $250,000 to be advanced at the time of the filing of the registration statement, in connection with the transaction. Cornell also received options to purchase common stock at .065, .125, and .25 cents.
"We are very pleased to enter into this funding agreement on terms that are favorable to both companies," said EZ2Companies.com CEO Otto Bethlen. "This credit line will provide us with the additional backing needed to grow our brand and meet our business goals in the upcoming year."
"We are pleased to provide the financing program to assist EZ2Companies, and look forward to a long-term relationship with the company," said David Ratzker, Vice President of Cornell Capital.
