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Re: rnb010 post# 30885

Tuesday, 05/26/2015 12:21:52 PM

Tuesday, May 26, 2015 12:21:52 PM

Post# of 67161
There is no other african deal involving PM. The only one was Conakry. It was installed for the University, had tech problem. VDC didn't pay 100k owed to PM and Sweratel is demanding another 100K for equipment. Ebola created further complications. So the installation was never lit up. Zero revenue.
Currently, money for TCI is a major problem. Need 350k for telecom licence and another 300k for initial purchase of equipment and shipment from Sweratel.
The dilution here is not even close to being done. Another 4bil shares are waiting in wings. Once that is done R/S will out 95% of all commons. The Class C preferred shares are protected. GLTA>
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