Friday, August 20, 2010 12:22:20 PM
And because this "private investor" in turns sells these shares that means the "private investor" did not provide the funding in the first place. It means the funding came from shareholders, nothing more.
And when you are handed shares for a fraction of market value, in this case .0006 when shares are trading for .0040 how much "confidence" does it take to accept that offer?
And when the announcement of "private funding" comes 11 days after the issuance of said shares and the share price declines in the interim it confirms the shares were sold to raise the funding first.
And when there is no loan in the quarterly report on the liability section for the "private funding" that means there is nobody to pay back because this whole transaction was simply issuing shares.
And when shares of a board member are sold into the market it transfers restricted shares to the float and the result is dilution and decreased shareholder value and lower PPS.
And when you invest and you ignore such facts you get burned.
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