Unnamed Stragteic InvestorEthiopian received a $600,000 loan at the end of February, and said it is in talks for a private placement with an unnamed strategic investor. If a deal is executed, Mr. Anderson wrote that it could be a big positive catalyst for shareholders.
Thank You .....
I guess he`s not so nonplussed anymore...someone must have clued him in.
No PP at these prices!
From: Adam Chambers<achambers@gmfbcommunications.ca>
Date: 2012/2/29
Subject: Ethiopian Potash Corp. Treasury and Title
To: Adam Chambers <achambers@gmfbcommunications.ca>
TREASURY
We believe that Ethiopian Potash has been under pressure based on
misunderstandings most recently aroused by poor research coverage
from a group that had hoped to lead the next financing effort, but
no doubt is nonplussed now by the fact that fees (the main driver of
the investment banking business model) will not be forthcoming.
With regard to our treasury - the company will not dilute current
stockholders at these depressed levels the way that has been
witnessed recently by comparables in the basin.
FED intends to retain its leverage to the Danakil in terms of
tonnage of sylvite per share.
Those selling in anticipation of reloading from an upcoming private
placement will be disappointed to not achieve their desired goal.
EPC is very comfortable with its financial situation, the backing of
KEY founders, and its ability to tap capital markets at the
appropriate time.