Hoist on your own petard.
You say that cygx WANTED to secure debt financing and then quote this.
CytoGenix, Inc. (OTCBB: CYGX) announced today that it has engaged the services of Jesup & Lamont Securities Corp., New York, New York, as exclusive financial advisor and placement agent for the purpose of raising equity capital to support the Company's on-going product development efforts.
HELLO? ANYBODY HOME?? Placement agents sell stock they don't arrange debt financing. Equity capital means they SELLLLL STOCKKKK to RAISSSSE THE MONEEEEEE. Maybe I need to sharpen my crayon.
I am investing a small amount of money in this company but it is a lot of money to me. I work for wages and am in for almost 8 months take home pay. I need real information, links to real information, and not crap somebody dreamed up, then typed up.