GREY:EDYYF - Post by User
Comment by
dannyd9on Oct 23, 2017 1:19pm
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Post# 26845632
RE:RE:private placement
RE:RE:private placementAs one who has worked in the industry a long time, i can tell you that the post regarding only 20 per cent of pp filled is a fake attempt at humour or something more nefarious. IF demand were that low the stock would already be trading at 8 or 9 cents because 400 thousand raised would not be enough to ramp up business to fullfill the sales agreements. Secondly, the market is not stupid. Brokers would be advising clients to sell into the bids and use the proceeds to pick up the cheap paper. WHAT I think is really happening is that the 2 million mark has already been subscribed for and the company is taking orders until closing date for any amount above that level. THERE was a reason they wanted five million in the first place and they will let the sales continue because they want to show prospective clients that they are well finananced.