Well, ASOF is an "Opportunist (I mean Opportunity) Fund". I can just imagine the fund managers telling their mates "Have I got an opportunity for you"! Where else would they get a $350,000 fee for arranging a $1 million investment on very favorable terms? From what I've seen so far I can't come up with a $1 million total.
We never did hear where the $1 million announced in September was coming from. It was canceled when the ASOF deal emerged and I have wondered if they were related.
I think the company should be much more open when they are asking the shareholders for more cash but I can understand there are some secret dealings that can't be made public.
I still keep asking myself what I expected when I first invested in 2004 at $.36 and what have I learned!!
Well, ASOF is an "Opportunist (I mean Opportunity) Fund". I can...
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