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 : Footmaxx YFT on CDNX -- Ignore unavailable to you. Want to Upgrade?


To: Cush who wrote (43)1/29/2000 2:26:00 PM
From: Cush  Read Replies (1) | Respond to of 64
 
So, what does this News Release mean to me?

Well, it's either good news or bad news, and I'm not sure which.

It means they aren't currently operating at a sufficiently profitable rate to continue without this financing, I guess.

A million isn't a lot - does this mean they're close to being able to operate without further financing?

VenGrowth & Lawrence will soon own over 75 % of the shares.

So, was VenGrowth providing this additional financing to support a company that otherwise might become insolvent
or was VenGrowth acquiring a larger position because they're privy to (insider) information that Footmaxx is about to become a profitable company?
Who knows?

$.40 a share.

I don't think with the thin trading controlled by someone on the Canadian Dealers' Network anyone has any idea what a fair price is for these shares.

I do know that when I tried to buy more shares (on the bid) last week, there were none available for me.

I choose to believe that this company is viable
and will emerge later this year, as profitable.
We'll see.

It would be interesting to know if I'm now one of the top five shareholders.

If I am able to attend the AGM
I'll be in an ugly mood about the lack of information being supplied to shareholders. That is, other than VenGrowth & Lawrence.

Cush