Eventually the S3 filing will be published by the SEC withen a day or so after its filed. This will state what price TCA purchased shares at at and how many, and exactly what the terms are.
I think TCA can support the pps with volume as they see fit, with the number of shares they are receiving. Remember they entered this deal to profit. I await the SEC filing.
On the other hand, where was the company to get funds, they had no choice but make this deal, I’m sure they exhausted all other avenues prior to signing this one, dont you think?
I have seen much worse deals recently. Luckily it was not Cranshire Capitol they made the deal with. I hope there are not more details to the deal that the SH have not seen at this point?
The S3 SEC filing should tell all.
