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Tuesday, March 20, 2012 8:17:11 PM
I did a quick read of the agreement and not a detailed analysis. I'm no attorney and legalese like that kind of makes my eyes glaze over, but it looks to me like it provides a price 125% above an recent average price (5 days???) and IMHO, this insulates the immediate resale of the sahres. A lot of these schemes raise money by selling the shares at a severe discount, which (of course) results in an al but immediate dump by the recipient company, which drives down the price.
But, correct me if my quick read is wrong, but it looks to me like, the 125% above price will not be a situation like that.... where the raising of money equates to immediate crashing of share price.
And, again, maybe a more legal mind can correct me if I got it wrong )I'd appreciate being on surer footing by having legal beagles weigh in, actually, and I bet may non-attorney types would appreciate insights too).
Thats my "quick-n-dirty read (or perhaps misread)
What say other folks?
TIA
Imperial Whazoo
But, correct me if my quick read is wrong, but it looks to me like, the 125% above price will not be a situation like that.... where the raising of money equates to immediate crashing of share price.
And, again, maybe a more legal mind can correct me if I got it wrong )I'd appreciate being on surer footing by having legal beagles weigh in, actually, and I bet may non-attorney types would appreciate insights too).
Thats my "quick-n-dirty read (or perhaps misread)
What say other folks?
TIA
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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