RE:RE:RE:RE:RE:RE:Mixed FeelingsAgreed about the year end, Raps! Although I believe they have to "value" the transaction from an accounting perspective for that very reason. I'm not sure that can be hidden or expressed differently in an NR.
I think the good news is that management would be very well aware of the year end implications which might imply that good news is on the horizon.
Cheers!!!
RapsAlot wrote: I wasn't saying today's NR was a good or bad transaction. Just stating what the deal was. The NR could have strictly said it was a deal for 36 million shares. Stating it was a $1.8 million dollar deal was a choice that wasn't necessary. There is an issue if come December 31st , if SP is still 2 cents, this deal is a net loss on the books of almost $1.1 million so hopefully SP rises by then because year end financials are the most important ones. The $1.8 million sale price must be reported on the books regardless of how the NR was worded.