One person can neither sink a stock or pump a stock. Personally I like Ian posting anything that knocks sense into a thread. See I have great concerns over this:
"Valu-Net signed an agreement to issue 6.67 million units in equity financing, via a private placement. Each unit is comprised of one common share at 90 Canadian cents and one full warrant to purchase one common share at $1.25 (Canadian). The first phase of the private placement, totalling up to $6-million (Canadian), is expected to close on or before Feb. 28, 1999, while the warrants are expected to be exercised anytime within the next two years. If all the warrants are exercised, a further $8-million (Canadian) will be raised, for a total of $14-million (Canadian), in new equity financing. The price per common share was fixed pursuant to the maximum discount allowable by the ASE as at Jan. 11, 1999. A private, New York based investment partnership will lead this issue, on a best efforts basis, with the assistance of a major securities underwriter and brokerage house in New York."
Until that PP closes, this stock is open to a fall, or run in any direction based on the whims of the people taking part. What if the PP doesn't close? The next one could be lower, or higher. Unless I missed something in my DD, they have less then $200,000 cash? And a hand full of promises.
Then you add this to the pot, and you mix the stock further:
Nov 4 1998
"The company has closed a private placement for $642,000 via the issuance of 2,292,858 Valu-Net shares at 28 cents. These shares, which were subscribed for by overseas investors, are subject to a 90 day hold period."
Which means that cheap paper is floating around already? {Feb 4 1999)
So Ian's concerns are just questions. |
