Arrow Approves Funding Plans From LOGX Capital
9:11a ET March 18, 2013 (Business Wire)
The Board of Directors has approved a funding package presented by the LOGX Capital Group, LTD of Hong Kong to fully implement it's business plan to develop sustainable plantations as well as to build two ethanol plants in Indonesia. LOGX Capital Group, LTD is the lead equity investor utilizing international funding programs for large scale infrastructure projects in developing countries.
The proposed package is sufficient to completely develop all plantation operations, the ethanol plants (with capacity of one million liters per day each) and to meet all the Company's current and future obligations of this program.
The Company anticipates completion of the financing within 30-45 days subject to completion of all multi-party agreements.
If one considers how long LOGX took for their DD before this agreement was complete. The scale of what's about to take place is what will drive this one for quite sometime I think.
This IMO is no way a day/days trade, but a pretty good hold.
Yes this might be up from an average of approx. .018 closing at .035 But I don't consider that substantial based on the above data, and prior expectations of this company.
http://stockcharts.com/c-sc/sc?s=ARWD&p=d&b=1&g=0&id=p17970548896
http://www.arrowrd.com/ir.html
A strong move historically in volume, http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=1784&i=ARWD&pv=recent-symbols&pp=ARWD#&&vs=634994196896289704
But yet to see what this one is capable of forward-looking.
Holding
sc
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