CarbonMeta Technologies Inc (COWI)

[SPIN]

perhaps their "no shorting" promise was a strategic response to the SEC's recent Reg. M-based enforcement cases? can't help but wonder who did all that shorting in August 2006, right after this PR BS:

The funds will be used to fuel the growth of the Company, in particular the sales and marketing of the new URC3 robotic controller for Robotic Workspace Technologies, Inc. and the sales and marketing initiatives for the Mesa product line of unmanned robotic vehicles into the homeland security, first responders and military markets. Additionally, funds may be used for future growth through acquisitions and continued product development.

"We looked at our capital requirement and decided it was a better value proposition to the Company and its stockholders to raise the money at a fixed price rather than relying on selling our stock into the market," states Walter K. Weisel, Chairman and CEO of Innova Holdings. "We are fortunate to have built a strong relationship with Cornell based on the progress of the Company and Cornell is willing to make this additional investment based on our opportunities and projections. We believe that our strong partnership with Cornell will provide the funding necessary to fuel our growth, and in particular support sales and marketing. We represent the Mesa Robotics product line for which we have exclusive worldwide rights through the Innova Robotics subsidiary. We are booking orders and ramping up marketing for the URC3 product within the Robotic Workspace Technologies, Inc. (RWT) subsidiary, and we are planning the expansion of the CoroWare subsidiary which supports the application of mobile robotics and offers web-based services and other software business solutions."

David Ratzker, Vice President for Cornell said, "We are very excited about expanding our relationship with Innova Holdings in its very exciting market sectors, and to provide the funding to help the Company implement its strategic actions."

http://www.marketwire.com/2.0/release.do?id=694687

yeah, i don't doubt they were "very excited about expanding."