RE:PREVIOUS FINANCING What you fail to recognice is that when you take into consideration the tax deduction on FT Shares
the true cost base is much lower. And in the majority of cases the placees of FT Shares are primarely interested in the tax deduction which is 100% of the amount invested against their income for the year and not so much interested in making money money on the shares. Which is why typically most FT Share placees tend to make lousy long term shareholders as they tend to belt the shares out just soon as they are able. Lest they have a tax problem again next year if they make money on the shares. And that certainly appears to be the case with this financing as is the case with most FT financings. Doesn't look like much of it stuck around for the long haul.