posted on
Oct 23, 2011 12:36PM
With all this talk of takeover I would like to point out nearly 10 million shares or more were done in a pp at a price of .75 and .80 with warrants at .90 and a accelerated clause if the sp hits $1.75 there were other smaller financings above .50-.60c so anybody throwing in a low ball offer is going to have a fairly tough time getting these guys to sell their shares for anything less than a dollar on an undiluted basis this is over 15% of the float! I maintain the selling is a disguise FNC was manipulated down and is being prepped for a low ball offer it's a dirty game but I believe we will end up with more than one bid and in the end we will see well over a dollar!