Angoss Software Corp. V.ANC Message Board

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Gold/Mining/Energy : Angoss Software Corp. V.ANC

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To: VisionsOfSugarplums who wrote (494)	4/11/1999 6:47:00 PM
From: AriKirA	Read Replies (1) of 1006

T. You're right. Most shares issued after a financing are usually escrowed for an X period of time. Companies very rarely decide to proceed with an open public financing. The reason : you said it. The legal fees involved with preparing a prospectus are hectic. Depending on the experience of the individual working on the Definitive Prospectus, one might be looking at a minimum of $20,000 in legal fees. Trust me. Been there, Done that. Just way too costly for a company, especially a small cap one. That is why more and more companies are considering proceeding with a non-brokeraged PP. Hey, if the directors are confident in the company's future growth prospects, they will definitely put down a few thousand to participate in the PP. If it were me, I would guess they might be looking at acquisitions We're on the same level toowit. That is why I posted that excerpt. However, it is a question of interpretation! As you said, it is just plain speculation at this stage. But hey, if you don't dig deeper, you will never invest at the bottom. That's why he have investors, speculators and traders. It's just a question of comfort level! Kind Regards AK

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