Wednesday, October 03, 2007 3:32:50 PM
1. If the financier does not for whatever reason want a run in the price during negotiations. For example, persons associated with the financier may desire an opportunity to quietly acquire shares on the open market in an environment other than may be precipitated by press releases.
2. If the financier is concerned that a competitor may take an interest in the details of PR's and decide to make a better offer.
3. The financier does not have the mindset of a group of shareholders who frequent chat boards. He may wish not to be distracted during the course of negotiations by phone calls and or emails of unreasonable quantity and knowledge level.
4. Until negotiations are complete, details may be subject to change or renegotiation and it seems prudent to wait until everything is concluded before undertaking to announce and explain it.
5. The financier answers to a group of accredited investors who have requested silence during negotiations.
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