What happened to the financing? It was supposed to close at the minimum today. Did it fall through? Why no announcement?
When they say the financing is at a nickel, the lowest the TSX let's companies raise money at, do they mean a nickel before or after the ten for one roll back. If it is after, then the financing is at a half cent and people buying at a nickel now are being duped. When you think about it, it would be a long shot that it would be at a nickel and not a half cent.
The press release said the agreement with debenture holders would be up on SEDAR. I keep logging into SEDAR and it's not there. What gives?
Their last pump ran to nearly $.18 at $1.5 million shares of buying per day before they let it collapse to two and a half cents. This current pump can't even get through four cents. It's almost like those in the know are selling into every sucker bid. How come not one insider is buying? Why don't the people that made $1.5 million on the peak last May at $.18 buy some at four cents?
The reality is the year end results come out next week and they are going to be UUUUGLY.