Private PlacementSInce this was sent to everyone on the company contact list, I assume many have already seen this, but for anyone who hasn't, here is the latest release regarding the closing of the PP:
https://www.morningstar.com/news/accesswire/621973msn/enviroleach-fully-subscribes-5347-million-private-placement
Really not much in the press release that wasn't already pre-announced earlier when the PP was oversubscribed on the first day.
I was hoping there would be good representation from insiders, but in a separate exchange with IR, I was told most of the insider participation was deferred to interested investors. Due to the high amount of investor interest in this PP, ETI did not want to provide preferential participation to insiders. They further indicated that founders and insiders are already well invested, which is already a validating signal.
I know there have been character "attacks" on this board against ETI management and even some of the posters (like me) who are still strong believers in this company. I want to personally applaud Jason Leikam (VP of Corp Development for ETI). I correspond with him every couple of months and find him to respond promptly, professionally, and in a detailed manner. He is a significant improvement over the previous regime in regards to responding.
Hoping for a breakout year in 2021 for ETI.