Hi Marcos,
this is what I think from this quote taken from GTT's update not long ago.
"The Company is currently in the process of raising capital to enable the Company to meet its budgetary requirements for the next twelve months. On March 7, 2001, the Company issued a press release relating to a proposed private placement of $1,200,000. The Company will not be proceeding with this private placement but is pleased to announce that it has proposed a private placement financing comprised of 12,000,000 units at $0.10/unit, for gross proceeds of $1,200,000.00(Cdn). Each unit is comprised of one common share and one two year warrant. The warrant entitles the holder to purchase one additional common share at the price of $0.13 during the two year period. The proceeds of this financing will be used for general working capital and payment of current liabilities. This private placement is subject to regulatory approval. A finder's fee is payable.
SPONSOR: Canaccord Capital Corporation, subject to completion of satisfactory due diligence, has agreed to act as a sponsor in connection with the WIBN transaction and the change of business arising therefrom. An agreement to sponsor should not be construed as any assurance with respect to the merits of the WIBN transaction or the likelihood of completion. It has not as yet provided a preliminary sponsor report to the Canadian Venture Exchange."
CC has sold net about 1 1/4 million shares all together in the past 16 months (they were minus each and every months), until the last 30 days where they are a net buyer of 1/4 million shares. So if they go ahead with this financing the pup will move, but when?
CC is not TD so if they buy it will go up lol.
So since you want to give it up for this week I'll take it at a dime.
Al please. thank's
LP |
