I wish we did know who financed it and the details. It would clear up a lot for me and make it much easier to ascertain the true value of the stock.
Until we see details I assume that it was a 'cash for stock' transaction and we know only the cash part of the equation.
Maybe it is an unsecured loan, maybe it is a percentage of future earnings they have committed, maybe its 1 billion shares, maybe its a $1 million dollar debenture convertible at the closing market price on a certain date. I don't know and nobody seems to want to say. But I do know that at the current share price $1 million dollars equates to a boat load of stock and there aren't that many ways to retain control of a small company and raise that much capital.
Robert
There are no good stocks, only good trades.
