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Sunday, May 17, 2015 7:52:23 AM
I'm not sure how & where your statement claiming this company have no capital? Let me make it clear... BBRD recent quarter after tax showing over hundred thousand dollar net profit & that is very rare in OCT market.
On top of that their total assets closer to ten million dollars plus DEBT-FREE meaning ABSOLUTELY NO sign of DILUTION.
Regard to funding these projects without the need to dilute the company. BBRD manage to received a line of credit from THE MERCANTILE DISCOUNT BANK to cover the financial need for 2-3 years.
Mercantile discount bank is a major commercial bank in Israel. The bank has 71 branches throughout Israel. Found in 1918 up to 5000 employees. earnings results for 2013 Net income after tax for 2013 totaled NIS 182 million. Total assets as of December 31, 2013, amounted to NIS 28.5 billion.
Funding like this doesn't happen in OCT market. BBRD have the ability to tap into this type of FUNDING because The banker focus on BBRD joint venture with the government which they provide 30% capital for the project. This is like 30% down payment or 30% in equity that created a win-win situation for all party.
Full details on funding click link bellow:
http://ih.advfn.com/p.php?pid=nmona&article=66067530
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