GREY:ADEXF - Post by User
Comment by
Greenandgrizzlyon Mar 08, 2012 3:22pm
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Post# 19645396
RE: RE: RE: RE: RE: RE: hey Goofy goofy
RE: RE: RE: RE: RE: RE: hey Goofy goofy "a 'bought deal' without the costs of a finder's fee and over alottment ect . Saves everyone money with out all the hassels"
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This grammatically challenged nonsense is the most ridiculous thing I've read on this board. The convertible debenture saved AXI and XinXing "hassel" and saved the companies money? Are you kidding? Private placements typically take a week to close. This debenture fiasco required a new Hong Kong investment vehicle and took 4 months.
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XinXing wanted a debenture over a private placement for exactly one reason: they may want their money back, and soon.