Post by
JoeMess on Dec 20, 2017 2:03pm
Any news on the CST money raise??
The recent CST monet raise attempt was to offer '$1000.00 units' which were essentially notes that bear 8% interest and include a warrant to buy 8333 shares of CST at .12/share. The goal was to raise between 1.5 and 2.5M, This was supposed to close yesterday. DId it?
I cant imagine that anyone would value that warrant for much considering the stock value is currently 30% below the warrant strike price.
If the funding deal didnt close - this will be very bad news for CST.
Does anyone have any info?
I think it is time for a management shake up - starting at the top with the ejection of Evan Price. Really this company needs a management reorganization that brings in soeone able to raise money in the private sector.
Comment by
Co2Harvest on Dec 20, 2017 5:11pm
I don't know why this information wouldn't be made available by either Echelon or CST (maybe it will after an audit!). I can't help but think that Echelon should have no problem selling at least 1500 units. $1.5M is peanuts, and in my view it would be embarrassing for the offering to fail for both parties. Hopefully we will see some confirmation, though.
Comment by
M101 on Dec 20, 2017 7:51pm
Finance closing notices usually take several days, don´t read anything into it.