Monday, January 16, 2017 3:55:18 PM
Framepool AG is being purchased with 100% cash raised out of proceeds from private Equity shareholders that have purchased stock at or above common market price. To date, nearly one quarter of a million dollars has been provided to make our latest acquisition, with no additional funds due in 2017.
It's a fantastic arrangement and situation for president stockholders. Christopher has spent over a year reducing debt down to next to nothing as well as performing share buybacks to reduce the OS and float. As far as I have been advised, most of the convertible notes have been monetized, so there really is no where to go except up as long as he maintains focus on the core business and organic growth with acquisitions being funded by way of private Equity Investments of restricted shares at or above common market prices. That's the key.
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