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solar fusion

10/21/09 10:49 PM

#50668 RE: Mr Wizard a1a #50661

I really don't know the details of the negotiation Mr. Wizard. However, this may happen very easily and has happened with a lot of companies. Companies on the big boards usually get the shareholder vote for a move like this. Pink stocks don't have to.
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locksmith123

10/21/09 10:50 PM

#50675 RE: Mr Wizard a1a #50661

Leave it to you WIZ....you just criticized the basis of the entire venture capital system....private investment...
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jackg152004

10/21/09 11:30 PM

#50696 RE: Mr Wizard a1a #50661

Wiz,

That is the first logical question or statement I have seen come from you. I will do my best to respond properly. The investor most likely made that investment when the stock was trading at around $0.15. He was probably willing to make that size of an investment directly into the company in exchange for some non-public information. This type of investor demands very high returns and to put that type of capital at risk I am fairly certain he/she/it will be seeking anywhere from 100%-200% return or $0.30-$0.45. Again, he probably was privy to some non-public information that made him fairly certain those returns were not only possible, but probable. Here's the kicker, since that investment was probably made several months ago and the investor felt that at that point in ZENG's business plan the stock would be worth in the .30-.45 range shortly, what do you think he feels ZENG should be worth now after they have had a couple more months to execute their business plan and explore additional opportunities. All I have to say is I am glad I already have my shares.