interesting interpretations, page-36

"The placement could be easily done now if the price was right. $2.50 would get it done."

zzedzz et all,

So, if what you wrote is correct and I have no reason to disbelieve that it is not possible, if we were to issue the new sharea at $2.50 each we would have a deal.

All it boils down to then, is to issue 40 millios shares at $2.50 per share, against approx 26.5 million shares at around $3.80 per shares, or thereabout, to raise the $100 million dollars that is needed.
Big deal. That is 13.5 miilion shares more to be issued and we wouldn't be here arguing and agonising as to what is going to happen next. Besides, the sp has not reached the $3.80 for quite sometime now, while it has been sitting at $3.39 per share, and we have to consider that the market sentiment is not too flash at the moment either.

What is wrong then to let them have say 20million shares at the $2.50 per shares, (Or at 15% discount it would amount to roughly $2.88 per share), but, at the same time give the opportunity to the shareholders to take up the remaining 20 million shares at the same price and with a small carrot in the form of some options at a reasonable price, and not at a price that will never be reached.

I am sure that it will work, while we all would benefit from the outcome. And the longer we will leave it, IMO the worse it could become.

Any comments, for and against, would be welcome.

Regards