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damnthetorpedoes

06/02/12 1:50 AM

#362 RE: gfp927z #360

They end up losing just under 50% control of the company to raise $17 mil, or approx 30% owndership to raise $10 mil.


I did say "public equity financing". Basically the same as they've done before. That would have minimal effect on their "control" of the company.

Why do you insist that they will do a private placement?