private placementA friend told me today that he talked to J.G and he said that they wanted to do a private placement at 10 cents but the stock exchange said no they could not. So they are planning to do a private placement at 15 cents now. If you check Wally has been buying stock for the past few days trying to get the price to stay about 17 to 18 cents. Once the private placement done and the stock drops again to 10 cents I sure Wally will be using the funds from the private placement to but back more shares. I never seen a company do a private placement at 50 cents than do another one two years later at 15 cents. This J.G sales pitch is telling investors that if they invest again it will bring down there average. He also said the private placement just for the investors that invested in the other private placements I heard this before but he will sell to anyone that will pay. He also said his daughter owns 8 million shares in this company and she paid 50 cents for her shares. I like to see him prove this. J.G has never paid for shares in any company that I know that he has been with so I thinking he was given this shares for raising funds and then he give to his daughter. Wally knows this G.J lies to get people to invest but Wally does not say anything as long as the funds keep coming in. Do not trust anything this G.J tells you he only tells you things to get you to invest.