GREY:MPRXF - Post by User
Comment by
threepalmson Oct 09, 2011 8:22am
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Post# 19133184
RE: Financing
RE: FinancingThe only reason why I suggested 3 million might be possible is the following.
Presently they have approx. 4 million.
Jim has stated that they will only do a small financing in the coming months unless the stock takes off so to speak. (so if a financing is done sub $1.00 as Jim suggested it would only be for immediate needs.(my interpretation)
60 to 90 days will likely bring developments here that will effect the perceived value of the company.(better to do a larger financing at that time.)
I would have to agree that much of the movement in share valure this week is due to NIA.
Keep in mind that Jim will have a big audience in Chicago this week.
That should bode well for us late in the week and early next week.