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Sunday, September 02, 2007 12:33:58 AM
It's done all the time. Private companies invest at a discount all the time in public companies.
The above is true. PIPE is commonly used legitimately apparently more often than not. This possibility is definitely in Wilf's favor, let me make that clear.
However, here is where I get concerned (and mad). First, the private company is Wilf's. Even if you can get past that, let me pose this question: Why did Alexander Lindale do so well this year?
They had 3 sponsored symbols on the Alexander Lyndale website before it went down: SYGG, HDIA, and DPBM. NONE of them went up this year. SYGG TUMBLED. DPBM SUNK. HDIA TANKED. Clearly, he did not make money investing in these stocks.
If you don't believe me, reference my earlier post with the stock charts of SYGG and HDIA: http://investorshub.advfn.com/boards/read_msg.asp?message_id=22544128
You, of course, already know the story on DPBM.
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