SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Alantra Venture Corp AVB-V -- Ignore unavailable to you. Want to Upgrade?


To: canadian crude who wrote (34)12/2/1999 9:00:00 AM
From: Dan Hamilton  Read Replies (2) | Respond to of 59
 
Re: Financing

It is definitely equity financing. There are 4.4 million shares outstanding right now fully diluted. After the financing, there will be 8.2 million shares outstanding. This is made up of:

$1.5 million in equity raised through issuing 2.25 million shares

TRG assigning its 25% ownership in Teleport for 2.05 million shares

So there will be a doubling in shares in the very near future. If there is not some news issued at the same time, this could result in a short term drop in the price.