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LonJandis

06/03/11 12:57 PM

#41329 RE: jdp2010 #41327

Well they certainly couldn't continue dumping shares on the bid day after day if they had such high profile investors involved.
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tikasun

06/03/11 1:10 PM

#41333 RE: jdp2010 #41327

Makes sense. Not at this time might mean they already have something else in place which I tend to believe. Would they go any lower than high profile financing with the current assets ? As for the issuing of the shares. Imagine this. If e.g. $4M is targeted they may parcel it up and divide it over an ongoing lowering pps which will pay off for the investor(s) involved. And they may have even reached the tail end of it as the pps dropped dramatically since y'day. However, this thought carries unproven value.
My last thought would be that they cannot disclose anything abt the current financing cause that could shoot up the pps defeating their purposes. IMO
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EasyBet

06/03/11 2:04 PM

#41351 RE: jdp2010 #41327

Josh, you might consider the fact that we have a new CFO who is probably charged with the responsibility of putting any financing. The General usually doesn't fight the battles, he let's the troops do the work. When he interviewed Lahey for the job he probably asked him if he thought he could put needed financing together and he said yes. It is obvious that Lahey has professionally taken care of the priorities so he can appeal to the money guys on a level playing field. IMO it's Lahey's job and Hollis isn't loosing any sleep waiting for him to bring a fair and equitable deal to the table. Although, in any entrepreneurial shop you tend to hit the deck running, there is nevertheless a honeymoon in any new job. JOSH, Holli's response to you could be interpreted that "thanks, but I have given that job tot he CFO and he tells me we have some good suspects out there and a couple of them are moving up the ladder as prospects, or we are entering into an exclusive agreement to negotiate a deal for 30 days and the probable terms of the deal look good enough to work on the exclusive until the deal is done or we move on to the next guy."