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Post# of 19309
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DewDiligence

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DewDiligence

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Re: kris_kade post# 7967

Sunday, 02/10/2008 5:02:09 PM

Sunday, February 10, 2008 5:02:09 PM

Post# of 19309
>Why would this new (or one of the current ones) institutional investor would pluck in 6mil of their money to see GTCB value destroyed?<

I do not understand your question. The only value that was destroyed by the latest financing was the value of a pre-existing share of stock. The company itself did not suffer in any way from accepting money on unfavorable terms.

For an investor in the latest offering to buy a unit consisting of a share and a warrant for the combined price of $0.87 was a no-brainer.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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