Good afternoon, Hutch. Thanks for your questions. The following should serve to help answer them.
1] 120 Day Hold Period - In our experience, this is pretty standard in small-cap placements. We have participated in or own placements in the past and 120 days was always the term. Remember, from the investors point of view, small-cap PP's are not like buying into IBM. Thus, it is difficult to get outsiders to commit to holding paper for longer than 120 days. The 120 Day period does not necessarily mean they will sell their paper but they do want the option.
2] Why The Change? - You will note in the press release that management and the Board had decided the initial level of dilution was not necessary in light of the attention VNE began to receive after the E-merge alliance announcement. Given the recent media coverage (especially today's Investor's Digest coverage), it appears they made the right decision.
3]Previous Questions - Management has been very busy as of late and must attend to more pressing daily priorities. As such, we have not had an opportunity to ask questions and receive answers. As soon as we get the chance, we will pass them on to you.
4] Our Disclosure - We almost always place our disclosure on our postings. On occasion we are rushed/forget or find it unnecessary when simply posting media coverage. It is pretty clear to everyone here what our role is with VNE. We pass on press releases, management updates and media coverage. We have never hidden this fact.
Hope this helps.
Regards,
AGORA Internet Relations Corp.
agoracorp.com
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