Sunday, October 09, 2005
LSBC backs out of Equity deal?
Back in August, LSBC announced a deal with Brittany Capital for $15 million in financing to keep the company afloat. The company then filed a registration with the SEC for the shares to be issued to Brittany capital and other interested parties.
However, the company filed this form RW last Friday, October 7, requesting to withdraw the registration.
I really haven't done enough research yet to figure out what all this means.
Hopefully some news will come from the company soon, regarding this.
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