Replies to post #6190 on Great Wall Builders (fka GWBU)

[janice shell]

js,just curious why doesn't the company just sell 1 million shares at $1.5 in the market to raise the money.

If you're selling in a private placement, you usually have to offer the stock at a discount to market; if you don't, you may not find buyers quickly. But a reasonable discount to market is normally considered to be maybe 15-20% for a penny stock.

Yes, they could have sold less stock at a higher price. IF they knew they'd find willing buyers. My guess is that they knew they wouldn't.