FunctionX Inc (NASDAQ:FNCX) is one of the top social interactive and publishing media platforms. The company saw it fit to come out of the limelight yesterday to set the record straight-It was closing up the underwritten public offering of 4,571,428 shares. Each of the shares was to go at $1.05.
FunctionX Inc has also given underwriters a 45-day deadline where they will be free to make purchases of up to 685,714 shares in a move to cover over-allotments in case there were any. Laidlaw & Company (UK) Ltd and Aegis Capital Corp participated towards making the offer successful by acting as the joint book-running managers.
A number of new conversions are being made lately. Robert F.X. Sillerman, who happens to be the Executive Chairman and Chief Executive Officer as well, takes investors quite seriously. This is of course because they are part of the major building blocks for any given company. It is therefore of paramount importance to try as much as possible to cater for their interests.
The top official had made a promise to investors some time back and from his statements, he was actually glad that matters were turning out as expected. The conversions were as a matter of fact quite attractive and according to him, that was a step towards the right direction by the company.
Lately, the company has reported increments in the growth of revenue. Sillerman sees into a future where FNCX will rise to become one of the best performing Digital media platforms.
This digital media platform just as it is normally the case with others has its forward looking statements. However, it is important to point out the forward-looking statements have got inherent risks as well as uncertainties attached to them. Asides from that, they are also projections meant to serve as important milestones to motivate companies to work towards economic growth and achievement.
As a matter of fact, many at times the results materially differ greatly from the set projections. That would of course frustrate anyone who had counted a great deal on the forward looking-statements. It is advisable for investors to look at other things instead of focusing g on the looking-forward statement in making their investment decisions.