Raw - re: XMSR had a harder time securing roughly the same amount of money and it was very dilutive and a similar interest rate (they're $100 million financing package back in Dec 2002).
Like I stated in my previously, long winded post, you can't make any final determination about dilution until VEII secures that final traunch of capital. No one is biting at their proposal and I doubt anyone will as its currently structured.
Let's face reality - a 4 employee penny stock that secures $61 million in financing at 7% interest is not only got some goods - but the joint press release with Harrah's (NYSE: HET) is going to make the stock rise for a Swing trade ;)
Raw, that 'joint press release' with Harrah's doesn't mean anything unless VEII secures all the funding for construction of Voyager. Harrah's is merely conveying the land to build it on. They have indicated there is no interest on their part to partially fund Voyager's construction. If Harrah's were interested in providing the balance of the funds, ground would have long since been broken on its construction.
Why hasn't ground been broken yet? They announced this deal with Harrah's on 12/23/03. And nothing has happened since then. And nothing will until they secure the balance of their funding.
Regards,
Naz
Market Data 
Markets 
AI
