What do you make of this...?
posted on
Nov 07, 2011 02:16PM
When asked if I should be concerned about the delay, RM responded to me (on Friday, Nov 4th) with...
_______________________________________________________________________________________________ "The Company is working with the Agents, Counsel and Investors on the announced Private Placement. Timing of closing any financing transaction is always difficult to predict especially when a private placement. The Company has been pleased with the interest and process and hopes the news of closing will be in the rear view mirror shortly." _______________________________________________________________________________________________
My 'glass is half full' take on his response is that things are moving forward and the deal will close but not as quickly as expected. By the way, is there a legal definition of "shortly"? :)
Beandog