RE:Private placement
I guess a lot of people knew this was in the works
The price started dropping 6 weeks ago before today's announcement.
Guess in these tough times it is hard to raise capital.
Must be why they couldn't do a deal at ...............$3
Worst time of year to be doing a deal at a %50 discount to the share price just 6 weeks ago.
This should trigger a bunch of tax loss selling imho
May be able to pick this up at $1.20 in the next 3 weeks
the stock trades very thinly however and is hard to get however
we will see
imho