Suzanne, and quite a number of time I have warned REW that he is being used by management to hype the stock. Last week failed rally is the best proof. Someone was selling very heavily, and it was not me. (VBG), nor "shorters" that have no fail proof collateral (you call your broker and ask him what he'll require from you to short TSIG and you will clearly see what I mean). The only shorters possible are either off shore accounts, and even these brokers will require fool proof collateral, such as a floorless or another document guaranteeing future delivery of the shorted securities. Wake up Suzanne, when the TA and the FA do not jive, believe the TA..
And Suzanne, two posts over this weekend (until these responses to you) are not exactly being all over "your thread", so relax and enjoy the "rally".
By the way, the current financing under certain circumstances could very well be just another "floorless". This is exactly the type of financing secured last year by RNTK, also look at the very recent VLNC financing, which so far, is turning out to be of the leaky floorless equity line of credit type. Until we know what is the premium to market, if any, we really do not know how good this financing will be and how much dilution it will bring. I am now guessing that the first tranche (the $1.5 MM) will be at about $.05/share, the second tranche, probably under $.04 and the last tranche (if it goes just in three tranches), who knows.
Zeev |
