GREY:EORBF - Post by User
Comment by
JimmyBoneson Mar 13, 2015 1:52pm
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Post# 23518913
RE:RE:RE:Financing Alternatives
RE:RE:RE:Financing Alternativesmindfree wrote: Just add another financing possibility : 5) issue one subscription rights @ 25 ¢ for each 5 shares an existing shareholder own, this would provide up to 16 M $ in ORT coffer (64 M times 25¢). That would be more than enough to complete HPA1 and I am convinced that more than 80 % of the shareholders will subscribe those new shares. If this cause a 3 months delay, what the problem? It is not the first one we have delays. However, this will avoid us to give half the company to Crede for it's good deed. Another point, bankruptcy is still very very far away.
Interesting thought. I would arbitrarily toss this into option 1 but that is irrelevant. I would venutre to say this might be more beneficial to existing shareholders.
I wonder if someone will champion the cause?