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Cobra Venture - financial and operating results for the second quarter and six months ended May 31, 2010

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By oilerman

Posted: Thursday Oct 14 12:51:44AM 2010

Quick question..why the heck did Cobra do a private placement to raise 300k at 15cents in July??? They have tons of cash on the balancesheet! What would they need this 300k for...when majority of the business is getting royalites?? What am I missing here....For this reason I am not buying any of this stock.

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