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Re: timbuk2 post# 12410

Friday, 10/24/2008 9:35:51 AM

Friday, October 24, 2008 9:35:51 AM

Post# of 41474
tim - keep thinking that

then do the math. WEHI is either no bid or is mostly trading below $0.00005, if itever does trade.

5 billion shares / $0.00005 = $250,000

So $250K is about all they could possibly raise, not $6 million. It is doubtful they will be able to raise 25% of the $250,000.

The main problem is that they won't even be able to sell shares soon because of the massive dilution happening and the fact they raised the authorized shares 50% to 15 billion shares.
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