RE:Private Placement Oversubscribedhigherhighs wrote: This is a great sign to see the private placement oversubcribed.....
I can't find that press release Higherhighs, but I'll take your word on it.
I have no idea if this is a viable play or not, but I don't know how this stock is going to rally with so much cheap paper lingering.
The current private placement allows for 23 million five cent shares to be sold into the market in four months. The same applies to another 23 million seven cent warrants! And then you have an existing 19.3 warrants averaging $0.09/share free and clear to dump for a profit over a dime.
For those looking for a stock price over $0.10/share, you need to be concerned with 65 million shares/warrants "in-the-money".......some for a substantial gain. And now Higherhighs is suggesting that there are even more shares oversubscribed.
Food for thought!