RCMW Group Inc (fka RCMW)

[tangerine]

Have a feeling that the timing of today's news is directly related to the extension of the MOU? Seems that one of the Chinese requirements to closing the deal is for CPOW to demonstrate they have the financing to get things moving. Looks like they do.

Also why would a finance company agree to buy stock at 96% of the value? Maybe I am reading the deal wrong but a 4% margin is not exactly worth risking 15 million dollars. They must have good reason to be willing to accept this deal. Also doesn't it bode well for shareholders to know that someone is willing to buy 15 million dollars of this stock at 96% of the current price? Also wouldn't it be in the companies best interest to work to keep the price high as not to dilute the company to bring down the price?

What am I missing here?