BioPower Operations Corp (BOPO)

[Laster]

My favorite part of this fluff news.
“A portion of the use of proceeds will enable, subject to certain terms and conditions, POWGEX Energy to buy 15% of BioPower Common Stock or 7,500,000 shares at $6.67 per share”

In other words..
Give me $450 million and I will use $50 to buy your stock at inflated prices.
Reminds me Sino Forest and Enron. Lol.

BTW who is Signet Capital? They are a nobody firm. Not confident they will get $450 million PRIVATE PLACEMENT.
Doesn’t that mean huge dilution for BOPO?

Just curious.
Not buying.