Replies to post #16807 on Seesmart Technologies Inc (fka SEST)

[National Sponsor]

They could issue bonds.

But in the face of a high PPS and the relative certainty that they will delute any percieved shareholder value, I will be on the sidelines.

I like the company. They seem to be active in a number of ways, which is great, but until the info on the private placement comes out, I can no longer maintain a bullish stance.

[exonefiguy]

GTE, this is where you are wrong and have been misleading people on this board. Shell companies cannot create new shares and sell them and raise capital unless they are a reporting company. They can only trade shares. Most shares of a shell company are restricted from even selling their own shares. To create a non-restricted share it can only be done from debt or becoming a reporting stock. Believe me, many a pink stock have created free trading shares from debt and give to a promoter in hopes of getting some return. From what I've experienced, the promotors run it up or dump it and keep all the funds for themselves.