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655 Posts.
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04/07/13
17:58
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re: Ann: Forge Secures $8.5M Funding Packing ...
Nice!
Based on the cash burn I was expecting a cr at a discount, which could have let to a lot more selling pressure.
Not only a cr won't be necessary, selling a 7% stake in balla balla for 7 mln sounds good to me. If 7% is worth 7 mln than 68% is worth ... ;-)
There we only have a Market cap of 16 mln, enough cash and pending news on other projects, Forge sounds like a bargain at these levels..
Cheers
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