Wednesday, August 19, 2009 2:18:59 AM
The PR meant something entirely different than what you and most thought it meant. The key word in the PR is "offering" (ask, on a foreign exchange) which implies an exchange selling price.
I don't blame you for being confused. JD purposely wrote the PRs to be confusing.
"Grifco International, Inc. said that it has reached an agreement with Lyamec on a $2.25 proposed offering. Filings for either foreign securities registration or U.S securities registration are currently under review."
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