What was the amount they raised it recently? 35,000,000
Do you think they'll raise it again?
If they do raise it, it probably wouldn't be enough to file a Form 8K.
Maybe another 35,000,000
08/04/09
"Some of you have expressed fears that there has been a massive increase in O/S. This is not the case at all. In fact, rest assured that any increase of the O/S that is greater than a few percentage points of the total O/S is considered a "material event" and is therefore bound to be disclosed in a Form 8K."
"The 10Q shows a small increase in the Outstanding Share. This structure was necessary, as it was determined that a combination of limited increase and slow production was better than a massive increase in share structure."
June 30, 2009 Shareholder Bulletin Dear Shareholders,
The recently filed 10Q, in its disclosure regarding future money raises, mentions both equity and non-equity type solutions for financing.
In an effort to end further dilution of our stock, Eternal Image has been working with Mastermind Venture Partners on a non-equity capital raise in the form of a perpetual credit line.
We will be announcing the details of this credit line in conjuction with Ms. Susan Wong of Mastermind Venture Partners in the very near future.
Thank you all for your continued support
GO GATORS
statements made by me are considered opinions of mine unless those statements are made of facts.
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