Shame on Andrew Here's the way I see it; in his last Conference Call, Andrew said he had no plans on doing another finance deal with Canaccord, but since Andrew dropped the bomb and got cocky, he ended up getting desperate. It's a good way to learn humility when you think you got the best App out there, but can't convince anyone of it. Why on earth didn't he go back to Socious or why didn't Socious make the deal with them; maybe, they realized this isn't that good of a product after all. They are all over the map in this country and that country without any real framework.
On a good note, Canaccord will get this puppy moving towards their 24 cent target price and maybe a little more depending on the news release at that time. The same thing happened in early 2011 with the five cent private placement they did with Canaccord and they ran it up to 27 cents. Stupid me, I bought in at around 5.5 cents then and never sold when it hit the high, but this time I am running for the hills. As soon as this baby has a good run, I am out. I will never believe another word that comes out of a CEO again; it's all about their agenda without any consideration to the shareholders.
Shame on Andrew and his management. I would be real surprised to see this finance deal close on the 29 June, since Andrew has never met his timings ever. I wouldn't even be surprised to see another amendment to this financing deal, since that is how Andrew leads his investors on.
Meeky