Dumbmoney,
What's your point? They don't have to disclose the terms, but from what I've been able to gleen from the MD placement that I thought about participating in, MSU would have been charged over $400,000 in placement fees and the stock would have been registerable within 60 days creating a potential overhead supply. The new placement has no fees attached apparently, and is restricted for 12 months. Were this company less than credible, I doubt that less reputable venture capitalists would have settled for restrictions.
MD, IMO, did not do a proper job of supporting the stock in anticipation of this private placement. While only my personal opinion, it seemed suspicious that the stock would go to $3 and then fall to $1 during the time period that the MD was collecting its potential investors together.
But MSU does have the assets and market capital necessary to meet Nasdaq listing requirements as per Nasdaqs own stipulations.
But of course, this company needs to prove to its shareholders and to the market, that it has contracts in hand that will meet their plans for 25,000 boxes per week. This is the great unknown that we all know is required.
The question is, will Stuck Dickfective offer a rewrite and retraction of its "stinky-stock" label when and if MSU finally comes through with the goods??
Again, why no comment by you on the tremendous insider buying last week and distinct lack of management selling of the stock??
Again, look at the broker behind these 144 sales. They are Capital Bay clients selling their stock from a convertible loan they made two+ years ago. The change from Capitol Bay to May-Davis encouraged some of these folks to sell, obviously.
And from the current price compared to what they sold at, it was their loss.
Hope you're short, Dumbmoney.
Regards,
Ron
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