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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
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To: Ciao who wrote (30)4/14/1998 9:12:00 PM
From: Robert van Mil  Read Replies (1) of 6016
 
Ciao, in the amendment news release they state: " The Amendment will result in the offering being changed to a
minimum of 2,222,222 and a maximum of 3,333,333 Units at a price of $0.90 per
unit for gross proceeds of $2 million to $3 million."
So it would appear that it was fully subscribed.
The reason cited for the amendment was marketcondition. I'd say that was a case of poor timing.
All the best, Robert
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