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Gold/Mining/Energy : OT Mining OTMN
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To: polish57 who wrote (54)2/20/2006 12:22:24 PM
From: regli   of 69
 
"Why would O.T. turn away a request by a large company to get a "foot in the door" ($5,000,000) and proceed to raise money via smaller investors?"

Based on my understanding, the 5 million would have resulted in an interest in the property by the major. Obviously, this could have impeded the ability of OT management to sell the company to another "higher" bidder. It is much more advantageous for OT's hands not to be tied.
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