RE:Placement
HillsboroughMan wrote: That 5 million these days for Eric is not as easy to come up with as it was 2 years ago. He's bought into a lot of names and is certainly more selective now. Furtheremore, he probably has a deeper insight than you and me about what those next results will look like. Eric did the math.
Why are guys paying $1.50 for this when the placement is down at $1. Doesn't it have to be within a certain percentage price wise of the placement price under the SEC regulations to get the financing closed? Or was I misinformed? I didn't think the SEC would accept a financing at a $1 if the price of the stock was say $1.50