GREY:GMFLF - Post by User
Comment by
blackjackallon Jul 10, 2008 11:11am
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Post# 15277758
'RE: and I don't care about their witty answers...
'RE: and I don't care about their witty answers...I'd be very careful to assume that the $2,000,000 is "in the bank". There are still conditions to be met. Take a look at CWK. A great example of a company that had $4 million "in the bank" from a similar financing only to cancel the financing for some unknown reason. Now, I'm not saying that this financing won't close but it is too early to say that CTG has the money "in the bank".
By the way, $0.095, a new 52 week low tells you that something isn't sitting right with someone and maybe there is more to this financing then one would think.