Alternative Fuel Systems ATF:VSE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Marut who wrote (3294)	7/8/1999 5:04:00 PM
From: Fun-da-Mental#1	Read Replies (2) of 4605

"I hope they're doing somebody a favour by letting him/her in cheap before something happens." Pardon my naivete, but isn't that illegal? This private placement has just about shattered my confidence in ATF and the penny stock market. If they wanted to issue a few new shares to raise funds, why couldn't they just have floated them on the open market? Okay, it might have brought the share price down, but if they dilute the stock AND lose the market's trust then that's a double whammy! However maybe I can think of an excuse for them. Is it possible that their buyer held a lot of old stock options giving them the right to buy at a low price? If they were more established they could have bought shares off the market and then sold them to him/her at a discount, but obviously they can't afford to do that, so maybe they were forced into this private placement, despite the fact that it doesn't look good. Does that make any sense? One bright spot is that whoever bought those shares doesn't seem to be dumping them for a quick profit (yet), but rather hanging on for a higher price. FDM

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next