RE: Bad argument for a private placementI just have to feel better knowing my company is not under capitalized. Now, they can work even more efficiently and create greater opportunities for all of us.
We got 10 million and didn't have to pay commissions. We took their 10 million to work for us and gave them some stock along with the oppertunity of making bigger bucks. That's why they gave it to us. I don't think they are stupid, especially if they had 10 mil. No, I think they are smart and see the future of YNG.
I think we have to look at the long term on this. When we have big bucks rolling in, new acquisitions on the balance sheet and our stock at $30. this 10 million and the extra dilution will seem like chump change.