InvestorsHub Logo
Followers 13
Posts 697
Boards Moderated 0
Alias Born 01/12/2013

Re: Riskreturn168 post# 87003

Saturday, 10/12/2013 2:02:34 PM

Saturday, October 12, 2013 2:02:34 PM

Post# of 130503
Without a Revenue stream it would have been very difficult to avoid dilution. But why dilute to this extreme; he should have taken a much smaller amount now; release positive news and did a deal at a much higher price down the road. Also, I don't understand why they cant just get one Venture capital firm to do the financing...versus having tom, dick and harry to participate (too many hands in the cookie jar).

I would cancel the warrants portion of the financing deal immediately; shareholders wont approve of this deal (if they had an opportunity to vote on it).

The non dilutive money raising method would be based on the latest announcement of hiring Mr. Grimes (to raise $$ via grants); now that was a good decision!