Whats the big secret. Who is the "firm" giving this "loan." Something this small could be an individual/"firm" intended to prop the price @ $3 since thats the net.
I love this: "The shares have not been and will not be registered..." ...may not be offered or sold in the United States absent registration or an applicable EXEMPTION FROM REGISTRATION REQUIREMENTS.<Nice loophole guys...lets use it!>
These are my views and opinions only. Do not buy or sell based upon them. I hold a short position in this stock. Seek the advice of a professional.
ATLANTA, Ga., Aug. 9 (dbusiness)--If you notice Firstwave Technologies Inc. is looking somewhat rosier recently, it may be because the company's becoming increasingly flush with cash.
The Atlanta software company (Nasdaq:FSTW), which ended the second quarter with $3.4 million in cash, announced a $1.5 million private placement today, from a Dallas-based venture capital firm, Mercury Ventures.