RE: Don't Overlook the Private PlacementFair enough angel, I enjoy your imput but here is a pp from
January 29, 2010
ENCORE RENAISSANCE 25-MILLION-SHARE PRIVATE PLACEMENT
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 31, 2009:
Number of shares: 25 million shares
Purchase price: 20 cents per share
Warrants: 12.5 million share purchase warrants to purchase 12.5 million shares
Warrant exercise price: 50 cents for a one-year period
Hidden placees: Five placees
Finder's fee: $500,000 cash payable to Souhail (Abby) Abi-Farrage
I must tell you I am not trying to sound negative, I for one would like nothing more than to see all of us, and the company succeed, but I know of five placees that expected to hit 50 cents this year.
lets hope bonaparte blows the critics away, and good news comes soon in other late nr's. till then all we have to judge our investment decisions is past performance