OTCPK:FRSAF - Post by User
Comment by
mining4dollarson Jun 13, 2012 9:38am
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Post# 20007508
RE: RE: RE: Opportunity Presents Itself!don
RE: RE: RE: Opportunity Presents Itself!don i dont know where you get the idea that becuase a company announces a Private Placement offering that that means it is a "done deal". There is no shortage of examples from recent past to show the otherwise. All private placements are on a best efforts basis, aside from Bought Deals, which would have been included in this announcement except for the fact no institution would offer one here.
read the press release.. "up to 34,5xx,xxx shares will be issued"... "finders fee may be paid in connection".. that means they don't know exactly how many shares people will actually take down at this point(if it will be fully subscribed or whether it wont) and how much of that will be on the backs of their agents(i assume any money raised would be as i doubt any insiders are going to take part, as per usual).
I hope for the Companys sake they are able to get the money becuase I do feel this is the last hurdle to get through for them, but until it is announced as fully subscribed/closed, it is by no means a done deal.