GREY:ENGFF - Post by User
Post by
Beenburned64on Sep 30, 2013 3:58pm
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Post# 21779148
Private placement
Private placement
SS, whether a pp fills or not is an indicator of investor confidence in a company in the current market conditions. A filled pp at .20 would be a positive factor for Energulf and you will see that reflected in the share price after such an announcement. I think they have raised a little more than just what they need to keep the lights on. I think some of that will be put to work in a joint venture on Lotshi if they find a partner. Then would follow a larger scale pp.