News Focus
News Focus
icon url

Porgie Tirebiter

02/21/11 11:52 AM

#217055 RE: B*A*N*K*E*R #217049

That is ridiculous.

Venture capital is going to allow money to be used by Centaflix to fund the Mineseeker acquisition (a company that has never made a dime, but exists solely due to charitable fund raising from it's foundation side) so they can then merge with a stink-pink otcbb "Caveat Emptor" stock? And in return for this largesse the V.C. receives restricted shares in that stinky-pinky stock??

Get real.

That is a ludicrous scenario. Even if it was true, the deal would be constructed such that the V.C. would get all the equity and flush the current equity down the toilet... Zero it out.