lscfa wrote: If Q4 results are good, the stock would rise and the PP could be done at higher price. So are Q4 results lousy or are these strategic partners getting in ahead of a stock jump?
Also, Why do these damn small cap co.s keep falling for BS of underwriters and financial advisors that equity issues must include warrants. Other co.s do share-only PPs:
IVI, CPS, ID, EVA, BZI, UPCO, PTQ, ACST, KHRN, STC, MRGO, HUGE, HALO, DOSE, TSK, BOY, ERTH, CTS, VHI, SEV, MILE, SCR, BHSC, MVP, RTI, MDF, BLU, PNG,
I do see the positives in having clients invest in RHT, don't get me wrong, but the part that bothers me is that if someone is knocking on your door wanting to invest in your company, that should put Lisa in a position of strength and she should have been able to negotiate a higher buy-in PP price.
Case in point, Gatekeeper Systems (GSI) was trading around 70 cents a couple months back when approached by an external investor wanting to buy in. Well, they are buying in at a premium of $1 (plus warrants), but still it was a huge premium to market price.
Lisa should have been able to get a better deal.....unless Q4 is really bad, cash is running low....and she wasn't in a position of power when negotiating. We will find out soon enough.
quote=Dunworkin2]What a crock of sh**, if things were so great with their clients, and the clients saw all this value in RHT and they approached RHT to buy in, why wouldn't Lisa get a premium to curent share price. BS.
“This raise is being led by four of Reliq’s key clients and strategic partners, with participation by Reliq management and staff. We are very pleased that our clients and partners, who know our business and this market better than anyone, were so enthusiastic about the Company that they approached us about making an investment in Reliq,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies. “Having such close alignment between our Company and our clients and partners will strongly support the growth of our business going forward.”