PP
So EAST needs at least $300,000 to pay, "... outstanding accounts payable."
Can someone please expain what EAST is doing... This is from the same Press Release !
Eastwest arranges maximum $1-million private placement,
EASTWEST ANNOUNCES $1,000,000 NON-BROKERED PRIVATE PLACEMENT,
Eastwest Bioscience Inc. intends to complete a non-brokered private placement offering
Is EAST doing a Private placement, have the private placement done or is just now announcing it??
The proceeds were not specific and EAST has a lot of specific places to put the additional funds over the $300,000 obviously a target to pay off Payables on the books... Odd that a company press release notes that Minimum and states they have Payables for the use of the proceeds.
So cash going to pay debt... okay... 15 cents, perhaps the selling of late has been people selling for the 15 cents and half warrant at 20 cents??? Not really logical IMO...
Last PP was done in a Day for almost $800,000 at .275... let's see which people are behind the .15 cent PP at .15 and how long it takes. Proper planning needs to be required in order to do any PP so EAST must be perpared?