RE:RE:Egg on their faceSimple way to avoid this in the future. Next time an almighty broker tries to sell you on their business, simply insist on a bought deal. That way the company gets the money, and the broker takes most of the risk.
MOOVLYIR wrote: Moovly certainly understands the investing public's view on the latest Private Placememnt not being fully subscribed but to be clear, this was a "brokered" financing to which the lead brokerage house failed to produce as promised. They pitched the company pretty hard they could do the job as the Moovly story is a good one. More to come on this topic shortly as the company is still on track to be cash flow positive by year's end. We thank all you shareholders for your patience and support.