I believe the float is 2.5 million, and financing may increase that by about another 2 million - most of which will consist of the options to pay the consultants being hired to build the site ($200/hr highly skilled workers).
The financing is being done in house, not sure of the cost, but they are very smart about how they're paying for things right now IMO. You gotta remember that if these guys are going to be working for Acubid.com for the next three months+ and their only pay off is stock options on EBID, THEY must be pretty confident that they'll be fairly compensated with an increased stock price.
Got some more info from Larry (EBID President) Friday, financing may be completed even earlier than April 7, and their WILL be PRs. IMO EBID is going to be really hot, I like what I'm hearing from the company. Let the MMs play their games on low volume for now, but when the PRs come out and volume increases, EBID will be going up, up, and away IMO. |
