No Borders Inc (NBDR)

[i_am_andrew84]

The offering was closed. They only sold 37.5M shares of the 300M that were potentially for sale. If you’ve been reading the last few Quarterly reports you’d see they’ve been making millions of dollars in revenues. It appears they only sold what they absolutely needed to for capital injections to get incoming orders filled. After that I assume incoming revenue kept the NBDR machine going. The upcoming EOY report should be interesting.