Choom Holdings Inc CHOOF

horrible news

[paulmorel]

Wow, can't believe that people think this is good news, they couldn't pay back aurora so the alternative was to give them 20% of the company plus give the 1.25% of everything they make or go bankrupt. they haven't opened a store in forever in fact the had 18 and closed down 3 and haven't opened one since. Their last raise was at .07/share and they didn't raise any more $ when they were at .17 but will now raise up to 5 mil probably at .07/share again as no one wanted to lend them $ the first time (chris's words) so why would anyone want to lend them any now?? Also the last .07 raise's 20 mil share lock up ends in the beginning of june so get ready as any good news will be floaded with those share and bring or hold the price down.
Sold my remaining shares today and won't be back, remember that anything aurora touches turns to mud. The only reason I hadn't sold yet was because I thought they might be a buyout target with their BC stores but that just went out the window with aurora now owning 20%. GLTA

[jawbonerasta]

see ya

[ggrellette]

I certainly can emphasize with this news and any poster who is not happy about the news. Sadly the mismanagement has left this company in a very awkward place. However clearing away debt is always a good sign but at what cost. Well if the equation is do nothing and try to uphold one's commitments or go bankrupt well the later is not what this management wants. The equity raise through