Centurion
posted on
Jul 10, 2011 02:53PM
(Edit this Message from the "Fast Facts" Section)
I think I'm beginning to understand Centurion"s financing game plan. I don't know if it will happen the same way for SFMI, but I have updates on other companies I have previously mentioned as well as a new financing.
My first update is on the Centurion financing of Mabcure. When the deal with Centurion was announced, their stock was at .44 a share on January 18th, 2011. It now sits at .21 a share. What caught my eye was recently they "Put" shares to Centurion at .21 a share. Wow! Why didn't they do the "Put" when their shares were more than double what they are today? Sounds an awful lot ilke SFMI except we haven't seen an S-1 yet. So if that wasn't enough dilution for Mabcure they then did a Senior Secured Convertible Debenture at .165 a share roughly 20% lower than the current share price. Why not just "Put" more shares in the .20's? Sounds to me like someone was making money on the way down and covering at the bottom. I apologize for not having all the links but you can research this example by looking at 8-K's etc.
Just a couple of other updates are DC Brands which was at .07 February 2nd, 2011 when a Centurion financing was announced and it now sits at .0101 a share and Minerco was .077 in February 2011 and they're at .004 a share now.
A new financing agreement for Centurion I was researching this morning was announced on June 8th, 2011 with Kurrant Mobile Catering (KRMCE.OB). Here's the crazy part, KRMCE only has a market cap of $166,000 but Centurion signs a deal for $10 million! OMG!
Do you see where I'm going with this? These people don't seem to care who they set up a financing deal with as long as they make money. I sincerly hope SFMI does well but they need to stay away from the sharks.