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13:39
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Originally posted by Maxpowerz:
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I, like a lot of people are disappointed with the way this has all happened, but have you given any serious consideration to the actions you are proposing the company should have taken? Let say Coby did cancel the CR as you have proposed, what do you think would have happened? My guess is the market would view it as a failed capital raise, questions would immediately start over when they will try again and the share price would probably be down much more today than what it is, and continue to decline. This would then leave the company in the position to try again at a much lower price, or to hold off for months while the dust settles and hope the share can recover to a higher price, which might be difficult with the spectre of a CR hanging over the company the whole time and the focus on reducing funds being talked about more and more.
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HI Maxp............... I certainly trust Management. I believe the correct procedure should have been a 'Trading Halt' with the mention of a 'Capital Raise' that, with out knowing the correct timing, should have been say Monday ? Tuesday.?
(20min delay)