posted on
Oct 06, 2006 10:50AM
This is what is called debt Equity financing. Cornell gets to sell as many of the shares as they need to to be made whole on the $500,000 they gave to AHDS. It seems like they are selling off and killing the price. Good news is its only half a million and they can only sell to re-cover that.So it not endless and once the pressure is off the price will stabilize and hopefully Omagine will be announced.