Bingo Sites

The online bingo site Bingo.com is planning to expand its horizons beyond the United Kingdom and in order to do this they have had to increase their cash flow. This is after all the only way to fund any expansion programme. So what Bingo.com did is place two million common shares on the stock market at thirty cents each. Obviously this was a wise move and the shares were snatched up, raising $600 000 for the company. The new shares were placed under the Regulation S exemptions with non Unites States residents. (more…)