GREY:IESCF - Post by User
Comment by
Stoogeon May 13, 2013 11:29am
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Post# 21385376
RE: RE: $2.3 m PP - Where is it?
RE: RE: $2.3 m PP - Where is it? Stock promoter and self promoter jimrockford assured us:
I wouldn’t be worried about the financing. Two points:
- It’s obvious the company wanted the option announcement out (see last NR), as closing the financing could have changed the pricing.
- The financing structure and pricing announced makes it obvious that it is institutional – and already set up.
However, two weeks past the date for closing the private placement there has still been no announcement that it has closed. Unfortunately it seems once again that efforts to finance the purchase of additional heating units has failed.
Trading has dried up yet Anonymous and BMO Nesbitt clients are still hovering around to offload. We need the financing to reactivate trading and see if buyers can absorb the earlier pp participants' shares.