RE:well just maybeThat's exactly what I was thinking. I think Roger has gone to great lengths to not give this away at any price. No amount of negativity can convince me there is not great interest from those in the know and I'm sure he could have made a deal but knows there is a better deal to be made and sooner rather than later. That's why multiple small PP's to keep things going knowing full well how close we are. And who knows better than him? They will need $$$ for future endeavours but that should be taken care of with BTD approval through a higher price and warrants.
If this were negative there would be no buyers but it seems like it's just an exchange of shares.
m8magic wrote: this raise was needed to strenghten our negotiating position with our JV partner to be announced....Roger did indicate you can't negotiate with hat in hand...our future partner now knows we can possibly do it all without them so their demands will be less greedy..jmo