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How much lower can the market go, thats the question.
An interesting side note for YNG, if an institution is willing to pick up 7M worth of common stock at .23 per share.. that to me indicates that institutions out there see value in YNG... you have to know as the interested company that if the stock is trading at .27 and news come out about dillution it's quite possibly going to drop to the price you are purchasing the shares for anyway.. so why do it?
Another interesting point is that even though they have lined up the private placement, it would seem to me that they have not yet actually initiated it.
Meh... we'll see what happens I guess... this is probably the worst day for commodities since 2008 that I can remember.
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Originally Posted by jasonturbo
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