RE: RE: RE: RE: RE: RE: RE: oogee, fairchij I can only assume they are doing it at a price where they know it can get filled quickly.They don't want to waste time getting it done. They are not worried about dilution because this is the final raise.
As far as doing this by conference call. Here is a blurb from the stockbrockers club.
The format encouraged good attendance (usually 45-65), and, as a result, a great many companies come a long way to meet with us, fully cognizant of the benefit of having visual contact with active members of the investment community. Our 350 members are all full time investment professionals.
These meeting are more than just about getting the private placement filled. It is about getting Canadian investors in. The US investment community is where they expect to see the greatest participation in gaining new shareholders as their efforts there head into high gear. The placement will be filled here and the buying out of the US will be in the open market.