Wednesday, August 20, 2008 9:06:56 AM
I sure wouldn't give a vague hint as to what was going on because everyone with $10 in this stock would be calling to see if it was true like they did with Thrush.
It's also the only reason I haven't gone public. Telling your "investors" where you think they can go and what act they can perform once they arrive is counter productive in that situation.
As for the $60M, that's not really all that much money. Assuming that it will come from, even in part, traditional lending sources would be foolish. There are a lot of people with a lot more than $60M to invest. $2M over lunch isn't difficult so $60M isn't a stretch.
Everyone also seems to be making the assumption that the $60M precedes a second transaction. The $60M could be concurrent and related to any acquisitions.
Furthermore, don't expect any quick answers. I'm still in a 4 party transaction that I've been back and forth negotiating for over 6 months now. It's going to be a minimum of another 2 months before I even get anything resembling a structured answer and then likely another 2 months to close the deal. Until I close the deal in 4+ months, I'm not telling anyone that isn't integrally involved with the deal a single detail. Admit to nothing and if cornered, only admit to having talks. Anything more opens the door to outside meddling that usually results in failed deals.
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