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robinandthe7hoods

06/05/10 12:36 PM

#138825 RE: Porgie Tirebiter #138807

Like anybody investing in a Pinksheet stock cares.ROTFL!
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WillyburgD

06/05/10 12:39 PM

#138828 RE: Porgie Tirebiter #138807

You do not what you are talking about.

Generally, VC investments are via preferred stock. Newby financing is secured debt w/ an equity kicker (warrants). Much more like a commercial investment bank than VC.

This is fantastic financing. Yes, upon exercise of the warrants, it will be dilutive, but (i) do you think that will happen all at once, so it crushes the pps? and (ii) what pps will we be at where it makes sense for the lender to begin to exercise?