RE:Starting to think...At this stage I wish it is taken over even at 50cent and I recover my loses but I think otherwise.
Agent is free to put any or all shares offered with one or more potential investors whether it is Bell or someone else. Agent will be happy to pocket 6% commission and go.
Bell or other US carriers could have or may have negotiate an equity participation now or in future as a condition to sell BEW products. It has nothing to do with PP.
I think management selected a weak agent and now they are unable to raise the fund. May be potential investors are finding that BEW will need much more fund in the near future and will come to market again with larger dilution and lower price.
eljoro wrote: ...that more is going on here than a delayed closing of a financing. It simply shouldn't take 5+ weeks to close a $2.5 -$3.5 million financing where management is buying at least 10% of it.
Any one else get the feeling a merger or large equity stake by someone like Bell is possible?
El Joro