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Squirt

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Squirt

Re: design333 post# 11883

Wednesday, 05/25/2005 12:46:12 PM

Wednesday, May 25, 2005 12:46:12 PM

Post# of 157299
design333

Yep....what would have happened if the company offered the shares as a secondary on the open market? How much money would it have raised? Too many unknowns with that scenario. This way, the proceeds were certain. That was worth discounting the price. Call it cheap insurance if you like.

As to the warrants, if they can exercise them at $5.09 and make a profit....great....that means we're in clover, too.
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