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Re: Wave 10k 2011 - cash-related commentary/new shelf?

By: faul in ALEA | Recommend this post (0)
Wed, 04 Apr 12 6:27 PM | 72 view(s)
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Msg. 07205 of 54959
(This msg. is a reply to 07204 by Cactus Flower)

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Hi Alea....


Ok,thought i saw the ATM ref "as above" refer to the whole 20million
mentioned before not the net $2.3million......Smile

Doma.


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The above is a reply to the following message:
Re: Wave 10k 2011 - cash-related commentary/new shelf?
By: Cactus Flower
in ALEA
Wed, 04 Apr 12 6:12 PM
Msg. 07204 of 54959

Hi doma,

I don't agree.

The word is "or". And as a legal matter, they are simply leaving open every possible option given the uncertainty (theoretical or practical) of future availability.

Grammatically, the $2m sentence describes the net proceeds of the ATM included in the cash currently on hand. That amount, described above in the report, is $2.3m.

It amazes me that anyone seriously thinks it implies anything else.


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