RE:RE:RE:RE:My take on the NR My own take on the NR – the fact is that SPE is low on funds. If we don’t raise money very soon, then it’s lights out. The rights offering appears to me to be a creative way to raise required funds and gives the existing shareholders a discounted first opportunity to buy. So if you believe in this investment, you have some relief from the inevitable dilution and help fund the company to survive. Your choice.
As for what lies ahead, think about the “Standby Commitment” at the bottom of the NR. If only some of us exercise our rights offering, five guys will make up the difference up to $500K. Mark and four others are ready to put up $100,000 each of their own money to keep us afloat (assuming equal payments). If these guys have enough confidence to put up that kind of cash, then that’s good enough for me. I’m in.