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Centric Energy Corp V.CTE



TSXV:CTE - Post by User

Comment by diogneeson Oct 05, 2010 1:18pm
359 Views
Post# 17530568

RE: Financing

RE: Financing  Find that hard to believe  If they tried to do a $10 mil financing at these prices they would be lucky to do it at
.20
ergo it would mean issuing 50 million shares plus 25 mil WTS
Be more prudent for them to wait until after the Court Hearing, which will hopefully be decided in their favor, and then do the first traunch of financing at higher prices.
All that would be available down here is "vulture" finanqcing.
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