Great site Larry.. Appreciate it!!
I have a question for the thread.
PTHW apparently just announced a Redeemable Preferred stock placement.
I'm not familiar with this style of preferred placement. Any opinions out there? I don't own the stock, but I know someone who does and I'm trying to get the skinny on what its outlook is (he's currently $1/share underwater on his position).
Regards,
Ron
biz.yahoo.com
WOODINVILLE, Wash., Aug. 16 /PRNewswire/ -- The Pathways Group, Inc. (Nasdaq: PTHW - news) announced today that it has signed an agreement with Mitchum, Jones and Templeton, an investment bank based in San Francisco, California to raise $6,000,000 through the sale of 600,000 shares of Series A Redeemable Preferred stock. Under the terms of its placement agreement with Mitchum, Jones & Templeton, Pathways received a firm commitment for $3,000,000 of Preferred stock financing and $3,000,000 of additional Preferred Stock financing through a best efforts commitment.
|
