Anything Internet Corporation (ANYI) Message Board

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Microcap & Penny Stocks : Anything Internet Corporation (ANYI)

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To: Buck who wrote (1489)	1/12/2000 10:51:00 AM
From: brad greene	Read Replies (1) of 1570

Why ANYI May Be Going Higher...... Buck, If you take a close look at this press release from November....it would indicate that $1.2 million will be going into the company coffers soon.....and the new plan put into motion. Take a look..... COLORADO SPRINGS, Colo., Nov 15, 1999 (BUSINESS WIRE) -- Anything Internet Corporation (OTCBB:ANYI) announces it has received a firm commitment from a group of shareholders to arrange for $1.5 million in new funding to the company over the course of the next quarter. The funding will be used to implement the Company's new Internet portal and nationwide marketing program. The funding will be in the form of private equity placements of restricted Common and Preferred shares, the majority of which will be issued at prices ranging between $3 - $5 a share in three separate tranches. The first tranch for $100,000 closed last week; the second tranch for $200,000 is expected in three weeks; and the final tranch for $1.2 million is projected to close when the Company is ready to execute its new nationwide marketing program right after the first of the new year. It is important to note that none of this financing involves convertible debentures, or fixed discounts to the bid - instruments commonly referred to as "death spirals." bg

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