GREY:ETPHF - Post by User
Comment by
w2k03on Jul 11, 2012 3:12pm
364 Views
Post# 20103549
RE: RE: Scam?
RE: RE: Scam? So let's see... They are issuing an additional 25MM shares (38.5MM instead of 13.5MM) in lieu of paying $2MM cash. This results in a deemed price of
.08 per share. Not sure how they will get a fairness opinion approving a value below 52 week low. In any event, I'm taking my loss and chalking this up to hard lessons. Very shady indeed.