RE:RE:RE:RE:RE:PP Full, Oversubscribed.eunice12 wrote: Insider is right which is easy to figure - when the sp is at a premium to the financing any company is oversubscribed because anyone who qualifies will take the arb and get in the financing. Take me for instance sitting with warrants in the money...
What's interesting to me is they had that first 2.0M lined right up and only took on an additional million... they could've raised much more here.
My "guess" here is they plan to raise a more substantial amount of money at a much higher level.
Been pickin' off shares under $.40 whenever I can. I think this is a no-brainer.