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rachelelise

07/05/05 11:00 PM

#86578 RE: zen 88 #86576

Zen

Or they just didn't strike a deal yet? The forecasts of cash are not precise so it is impossible to predict with certainty a funding date and also impossible to predict how cash revenues will push the date out somewhat. I'm pretty certain they will need money but they don't appear to have a sense of urgency about it. But they have also taken things down to the wire before which never seems rational.
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Snackman

07/05/05 11:17 PM

#86579 RE: zen 88 #86576

zen, I agree. Why is the stock holding at around $ .80 when everyone is expecting funding at a 20% discount to price which would be around $ .65. Why isn't everyone selling at $ .80 if $.65 is around the corner?

Something else is happening and MY OPINION is that it will happen before the next funding.