TSXV:AUN.H - Post by User
Comment by
goldwillon Feb 17, 2007 11:11pm
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Post# 12258013
non-brokered financing
non-brokered financingAs per a previous posting by Grodin who spoke with the company, all the non-brokered financing was spoken for. Just because 11.8 million of the financing is not with a broker, doesn't mean these shares aren't in solid hands. Could it be that Reyna and or Penoles, as well as insiders took down the bulk of this non-brokered placement? When you can raise the bulk of your money without the use of a broker,IMO this is a positive sign, as it reflects the eagerness of the participants to fork over big bucks to get a piece of the pie. They likely could have done the entire financing without a broker, but by including Canacrap for a portion of the financing now,this keeps them(Canacrap) happy for now, and possibly let Canacrap in on a higher percentage of a larger financing down the road.
goldwill