Hello again, one last post before I head out for dinner...
Please note that for DNI, 40 million shares is a
doubling of its current OS. If your CR had doubled your shares, even with 60%+ being held by insiders, the outcome could have been different.
It might turn out well for us also, since they intend to acquire more graphite properties - most likely in Madagascar, but Brazil could also be in the running. We'll see.
Also, the last private placement was conducted in five tranches, and was for one-fifth the size of this one, so odds are good that history will repeat itself.
January 29:
http://www.newsfilecorp.com/release/19061/DNI-Closes-First-Tranche-of-Private-Placement
May 19:
http://www.newsfilecorp.com/release....-Announces-Completion-of-500000.00-Financing
~ 3 1/2 months to complete. All these things are what led me to post what I did. Once again, just an educated guess on my part.
Take care,
Luke
P.S. It will be interesting to see if BM's article brings more volume and new shareholders to CGM this week, as well.
Hope to see a 1.# ¢ price when I wake up tomorrow!
