Post by
bagdad on Apr 16, 2002 8:38am
private placement
Its good to see more money being injected into this company.New money in a private placement means that someone must have seen their present
business plan and how they are actually progressing at it.I personally see this as a positive.Or why would people put new money in a failing entity.We will probably see the share price hover in the .20-.30 cent level till we get some positive earnings news.Bottom line is that we must be progressing in a satisfactory manner or else
there would not be new money invested.IMO.I would imagine to get a private placement you would have to disclose a lot more information than we would know.Therefore someone must have confidence that this is going to fly.Lets hear some opinions please.Liven up this board........