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[QUOTE]Originally posted by 1stfidelity: [QB] Great post from IHUB That's an excellent article. It is a major pitfall here in the pinks and something to be on guard for at all times. It would have been interesting to see the funding used help TQWI get started. For more information on toxic/death spiral/poison pill financing, smokintek's post is worth a repeat: Posted by: smokintek In reply to: None Date:8/22/2007 1:54:06 AM Post #8472 of 9410 Jimnknee posted someting about TOXIC FINANCING..heres the link>> http://investorshub.*********/boards/board.asp?board_id=4318 //// However, here's a dynamic for this particular play: Jim Daniels has the background in raising capital for companies. He's a "double-edged sword" IMHO. Maybe you didn't see my post when I was concerned with a "Jim Daniels" in a relationship with an SEC filing company "Premier Development." We have confirmed this is our Jim Daniels: Posted by: jimmenknee In reply to: UpTick88 who wrote msg# 7025 Date:8/15/2007 1:16:13 AM Post #7026 of 9410 [i]Well then, that's a bummer :( 8/14/06 Premier Development & Invest..Inc 10QSB 6/30/06 "... On February 21, 2006 we entered into a services contract with outside consultant Jim Daniels, a Maryland resident. Under the terms of the contract Mr. Daniels was issued 103,500 shares of our common stock, class A, $0.004 par value which was valued at $67,503. The contract was rescinded on May 9, 2006 with no services performed and we have requested the return of the shares. Should Mr. Daniels refuse to return the shares, Premier will file a lawsuit in Hillsborough County, Tampa, Florida seeking recovery of the shares plus other damages and relief. Once recovered, Premier will cancel the shares and return them to Premier's corporate treasury. In the event we are forced to file a lawsuit against Mr. Daniels, we do not believe that it would have any material adverse impact upon our operations or financial condition. ...." [URL=http://www.secinfo.com/$/SEC/Filings.asp?AN=0001140003-06-000025&Find=Jim+Daniels&Page=1&....]http://www.secinfo.com/$/SEC/Filings.asp?AN=0001140003-06-000025&Find=Jim+Daniel s&Page=1&....[/URL] My issue with this at the time is my issue with all IR/Consultants and "poison pill" financing (Convertible Debentures, etc.). When consultants get paid in shares, obviously those shares make their way to the market and usually during/after an active pump that creates momo and raises the pps. I have a guarded skepticism here. The down side to any new company, and more so IMHO for RDT&E (like CYPW) and M&A (like WNSH) companies, is a flooding of shares into the market by the new management (equivalent to mini pump-n-dumps) and/or the accepting of toxic financing (leading to a thoroughly shorted stock, conversion of debt to shares, and a subsequent mini pump-n-dump) In both cases, these "cycles" continue over and over until retail shareholders are bled dry and/or the company goes belly up. But again, I point to the two edges of the sword-- 1 pointed along the same path that creates a lot of bagholders and kills the company; and another pointed at the very capital venture raisers and consultants seeking to sell the poison pill. He knows his former colleages who may now be his adversaries NMState94. The only question left in my mind is which path will he choose, which side of the sword will he use? He has stated his intentions to not use financing. We know he'll have to issue shares to conduct operations, either in the M&A activity or in funding overhead. I'm going to be cautiously optimistic here and ASSume he'll chose right. But I certainly will keep looking for signs he'll choose wrong. So Far I see no signs he chose wrong-- do you? [/QB][/QUOTE]
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