Just confirmed with EBID that a PR will be out soon, probably by end of week, re: financing. Other news will be released as well in several PRs over the near term.
This is some of what will be in the PR IMO, some things he was not able to share with me:
PRE-PR:
Financing is now complete, the company brought in ~$1 million cash, and apparently it was not very hard to raise the $. The ~2 million new shares (total float will be increased to 4.5 from 2.5 million) will be completely registered as soon as next week. The new shares were used to raise the $1 million and to pay consultants though stock options. They plan to use the $1 million wisely, they are experienced in this sorta thing (i.e. WEBY). They do not plan to spend a load of cash promoting the site, instead they believe that the site will generate its own press with the deals they sign. Larry Schaffer (Acubid President) is working to get the board together, and hopes to make some announcements as soon as this is set.
They are still ~90-100 days from having the site operational, they are currently working on the programming and design, some of which will be updated periodically to the site.
BTW - they looked into buying the web address "ebid.com" (currently a porno site) but they wanted some silly amount for it (like $10 million or something like that), so that is not a priority. Keep in mind the company is Acubid.com, EBID is only the ticker name - both cool names IMO.
You can reach Acubid yourself at (760) 804-0023, or e-mail Larry at larrys@acubid.com.
With the volume so low, and no press out yet, it may still be a good time to get in on this one. I'm still holding my original shares, but I don't plan to add more just yet, still very speculative, but with a GREAT potential IMO. |
