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Tuesday, July 31, 2007 12:36:36 PM
Is this the scoop?
re: Private Placement and PR of today
"I just talked to Arun. A private placement firm has give the company 1 million to fund operations going forward. These shares are restricted shares. I asked for how long they were restricted and Arun did not know the anwer to that. All in all, it is a good thing in the long run. The company needs money to carry on. But the fact of the matter is, it is a pinky stock, we are pinky players, and we all want out money now now NOW!"
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