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rocky301

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rocky301

Re: Bald Eagleye post# 11870

Wednesday, 05/25/2005 12:11:24 PM

Wednesday, May 25, 2005 12:11:24 PM

Post# of 157300
kevin and baldeagle,

I will start by saying this round of financing was excellent. When this deal was transacted we were at 22 cents per share, approx. GTE placed $2.5million on a straight 15% discount to the 5 day average close. NO NOTE and NO CONVERTIBLE...These folks could of paid the market price and had free trading shares, instead they chose the 15% discount with restricted stock that can take up to 90 days to register..Confidence? This is by FAR the best financing yet and many bigger companies would be happy with this type of deal...Does this establish a future with this investor/company? ...IMO, I can see why this deal/package was not passed up...rock
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