Tossing on a Little KeroseneMight as well add to the rumour mill by observing that Sino-Tech exercised its options a year early without asking (presumably) for compensation. This is unusual, to say the least, because Sino-Tech could invest the million dollars in its business. To ante up a year early is an awesome gesture.
So why would they do it?
Seems pretty obvious to me that Canaco needs the money, good things are coming down the pike, and postponing the private placement until good news is out will be in the interest of existing shareholders.
So I will leave it to your fertile imaginations to decide whether its Ethiopia or Magambazi that has got them fired up.
Whichever, we win. Probably not a small win to justify a million dollar investment at this stage.
Yahoo!