RE:why??Simple, appease the broker network with some cheapies and any close buddies, lets see how quickly this can be completed will provide some insight......
bluemoons20 wrote: That is the big question. If we were front and center on GE's radar , I am sure they do not appreciate another 20 million shares on the books. Also , they do not need $5 million dollars.
Now all the new folks will sell their shares into the market @ 50 cents and sit on their warrants for 5 years with a cost of 2 cents each. Not a bad deal.
Admittedly BK was areal comapny with earnings. Not a pig in a poke like Ventripoint. But you still ask yourself why GE would not just do a very cheap buyout and finish this themselves if it has the following we are lead to believe.
GLTA