News Focus
News Focus
icon url

BuckeyeMike

01/13/09 8:56 AM

#13877 RE: BuckeyeMike #13876

I bet for every 25 investors on the conference call tomorrow evening, this will see a full penny increase in the price per share. Float is TIGHT!!!
icon url

otterman

01/13/09 11:01 AM

#13880 RE: BuckeyeMike #13876

-There is a clause to NOT dilute 6 MONTHS after the close.

There is also a clause that staes they can dilute up to 300% of the post merger shares to use for aquisitions. Lets hope they do that effectively, otherwise its just plain dilution.

VERY STRONG Indication they have their private financing lined up as they have said they do.

Why do they need the above statements (potential 300% share issue) if they have financing lined up?

Its probably because of statements like this that the SP is where it is. Linda has an exit strategy for sure, they have covered their butts even if things should go bad, and not in our favor.
icon url

rushDmoney

01/13/09 11:28 AM

#13883 RE: BuckeyeMike #13876

Thanks for the info Mike! I was going to call her again myself this week, but I think I'll wait now.

Rick