the details of the capital raise noted in the May
Post# of 83
Posted On: 06/24/2014 2:05:37 PM
the details of the capital raise noted in the May 6 PR below are, once said raise is completed and other milestones are met, the JV would be finalized.
Well, the May 28 PR said the merger/JV WAS finalized-implying the capital raise had ALREADY been completed.
As far as traders know- if they can even remember what from a promo players mentality is ancient history -part of the capital raise may have been Dannys personal $650,000 infusion of capital.
So I would think logically the completion of the merger- turning a shadow of a company into a vibrant company, especially given Dannys successful history, and implied completion of the capital raise- was a good thing- and there's been no change in news re those things to impact pps.
from May 6 PR:
Upon OBJE and its joint venture partner successfully completing certain milestones, which include demonstrating a launch-ready Android game, securing game imbedded brand sponsors and product placements, and raising approximately $1 million in additional funding for game development and operations, OBJE will finalize a definitive merger agreement to be brought before the shareholders of the Company, to consolidate the joint venture and the company’s joint venture partner into OBJE.
Well, the May 28 PR said the merger/JV WAS finalized-implying the capital raise had ALREADY been completed.
As far as traders know- if they can even remember what from a promo players mentality is ancient history -part of the capital raise may have been Dannys personal $650,000 infusion of capital.
So I would think logically the completion of the merger- turning a shadow of a company into a vibrant company, especially given Dannys successful history, and implied completion of the capital raise- was a good thing- and there's been no change in news re those things to impact pps.
from May 6 PR:
Upon OBJE and its joint venture partner successfully completing certain milestones, which include demonstrating a launch-ready Android game, securing game imbedded brand sponsors and product placements, and raising approximately $1 million in additional funding for game development and operations, OBJE will finalize a definitive merger agreement to be brought before the shareholders of the Company, to consolidate the joint venture and the company’s joint venture partner into OBJE.
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