Friday, June 10, 2011 5:11:32 PM
The $2 Million purchase of stock is being discussed further.
They are in the process of contacting Mr. Durrant to setup a meeting to discuss a private sale of restricted shares at a set price. The Investment firm wants a set price because they know if they start buying $2 Million worth of stock on the open market the stock would probably blow past $10 very quickly because of the low float.
Basically, if they are going to invest $2 Million they want a low price. At this point they are willing to pay $2.25 pps for 1 Million shares. The other caveat is they want to see detailed and accurate earnings from the Seawind Merger.
I will keep you all posted. Again, I make no promises or guarantees... however I am working very diligently to facilitate this deal. The 2.25 pps offer was a huge surprise to me. They
genuinely appear very interested in becomming long term shareholders.
Long and Strong PSPW! :)
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