Ann: Aurox Secures $10m Equity Placement Facility, page-7

re: Ann: Aurox Secures $10m Equity Placement ... i can see the benefit of having $10m for anything but why arent they focused only on the financing?

they should be doing that 110%, not mucking around with $10m placement facilities.

i like the comment about them having the funds to pay salaries, well i think the guys running this company know they are living on borrowed time. if they cant make it happen then they will be out.

i have never heard of this US hedge fund or whatever it is. the only good thing is that they can raise equity at the market price but i keep asking myself why didnt they get anything from Hebei?

what i want to know is if these guys have restrictions on shorting the stock once they get it because in theory these guys could force the price of the stock down and dilute all the shareholders big time. they effectively have an option and they are charging 4.5% for the privilage to do so.

does anyone know if they have some big expenses coming up other than the AXOG?

well i think the AXOG holders will be laughing at this because it effectively means they will get this $0.95 plus interest at 30 june 2010. they should be trading at $0.95 in the near future.