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Microcap & Penny Stocks : EBLD - Entertainment Blvd -- Ignore unavailable to you. Want to Upgrade?

To: gizmo&jack who wrote (2330)	5/12/1999 10:57:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3838

As I have said before, I do not think that the company is going to be able to close the private placement on the terms that were originally announced. No investor is going to put money in a BB stock at a price in excess of the current market price. It would not surprise me if the deal got priced at $2.50 per share. The price does not matter. Bringing a substantial amount of money in at this point, regardless of the price, will be viewed as a tremendous vote of confidence in the company. Even if the company does not currently needs the funds, it needs the flexibility that excess cash would provide. I wouldn't expect their IR firm to be on top of all of the internal EBLD developments. Before you flame me, please check my prior posts on this thread. I like the company and I have always been positive about its prospects. Like most everyone else on this thread, I have been frustrated by the company but my guess is that they do not have much of an administrative structure and that they are doing things on the run. I have been in a start up and I understand how things can fall through the cracks. I currently do not have a position in EBLD but will probably be back in either tomorrow or Friday.