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BL28

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BL28

Re: Cashking74 post# 16646

Thursday, 07/02/2015 12:59:24 PM

Thursday, July 02, 2015 12:59:24 PM

Post# of 82353
How is it a cash infusion then?

Beechwood sells the property to Redhawk.

Where did Redhawk get the cash to purchase the property? Klug isn't going to front that cash without getting shares in return.

Redhawk's balance sheet looks exactly the same at the end of the day and the value of the company does not change. $XXX as an asset in property, $XXX as a payable liability.

It's not a cash infusion. Correct?

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