GREY:ROAOF - Post by User
Post by
fdfd55on Nov 19, 2008 7:03pm
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Post# 15597156
I figured it out !!!!!!
I figured it out !!!!!!This is a long shot. Forget about convertibles. They wanted to do a dilution at a price like say, $3.
By the time they could do the paperwork, the stock tanked to below $3 and now they are in trouble.
Then they said how about $2.50 but stock got below that.
THEY CAN'T DO THE PAPER WORK FOR THE FINANCING because the stock keeps on
dropping below that level.
SO, they halted the stock at around $2.50 so it wouldn't get any lower and will do a financing at
$2.25 since that is the lowest round number available.
It may be halted for a few day until they do the papers.