private placementCan someone help me understand the following statement taken from the press release concerning closing this private placement? Very ambiguous at best...
will now allow us to continue to advance our asset base for the benefit of shareholders through Company and potentially partner-funded exploration and development programs,” concluded Mr. Bereznicki.
Also it seems that more than 30% of these cheap shares were picked up by insiders, Directors...which to me means that the street only contributed 2 million dollars worth of confidence.
I certainly hope they know what they're doing. Any other board of directors would have thrown Ed out on his a$$ for the dismal performance and SP decline from $0.80+ to mere pennies in record time.
Any and all feedback is welcome. GLTA