Replies to post #50228 on Market 99 Ltd (fka MNTY)

[Pastor Phil]

Posted by: The Rainmaker
In reply to: neilj2005 who wrote msg# 38063 Date:11/17/2007 10:26:03 AM
Post #of 50228

Dez told everyone in the CC that 200 million shares were returned to the treasury. He said they planned to sell those shares to raise funds for ECFL.

A REGDEX is the filing for a private placement. ECFL filed this so they could sell the 200 million shares via a private placement. Based on current share price they could raise $400,000 less commisions for ECFL.

Where did everyone think the money to open more stores would come from? Jason said he and his brother spent $600,000 of their own money opening the first store and doing market research.

[Pastor Phil]

Posted by: thekrup
In reply to: woogieboogiedance who wrote msg# 35675 Date:11/9/2007 2:59:12 PM
Post #of 50229

the 200 million shares that were retired into the treasury. if they were sold at .003 than that would be 600k for another store than you start taking profits from the store revenue to start opening other stores. just a thought

[Pastor Phil]

I think you might have heard wrong, the 200 mil was to be used to fund new store openings.