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Ok so did they talk about what part of the ETD business gets sold and if it is everything with all the contracts an IP, do you really think it's only worth 150 million, didn't Mcgann sell his old ETD company with no contracts at the time for 500 million?
No but if people can skydive they can also hover...by the way Zapatista already has stations throughout the world
Vintage, can't pm, but so you still feel the same way?
What do you make of the 1.5 conversions by zapata
Z,
Can you clarify the super majority statement...the q and a states that determination of the use of final proceeds is determined my shareholders...does dmrj own enough to make that decision? And the 650 million shares occures only after the zapata transaction? Don't care what happens after the proceeds are distributed...finally what do you make of the 1.50 warrants...do give them credit for at least holding a conference call
Ted that's a great question...how does that affect the total share count?
The 8k states that there is a number of impactful deals, my guess is that they do have a buyer and are waiting to see which impactful deals go through to determine the final price...at minimum? It will pay off the debt and meet zapata requirements...surprised that management would leave all their options on the table
Nowak I don't believe that is true...the 8k specifically says that significant deals may change the value of the ETD business
Z, give us your best and worst case scenario
How much is the NOLs worth again?
Why would they or why wouldn't they exercise that option...is the promise to uplist another empty promise or is there a plan in place before the PR? Any thoughts?
Here's another question?
The 8k stated that the proceeds from the sale would pay for both convertible and non-convertible debt...does that mean we come out of the deal with only 80 million shares or does dmrj convert all their debt and we pay them the converted price at the time? They cannot convert some portion of their coverts that don't kick in until greater than a dollar...all this needs clarification.
z,
The 8k does mention that they expect material and significant ETD sales to affect the final price of the ETD sale...what that means no one knows...but the did say at this time the estimate of 120 million or so is based on current bids...so how will a 3000 unit sale affect that number?
The other confusing thing is are they gonna stay in ETD at all or are they leaving altogether? Is zapata a synergistic move or is it a completely new venture...if it is a synergistic move then the company comes out debt free although diluted...I would be much more comfortable with a synergistic move...they would not be panic selling if they would just communicate better
Glta
Vintage, how do you see the win would affect the situation
Are they going to continue their networked solutions as recurring revenues or does that get sold too?
What does this mean to you?
What is strange and confusing is they talk about "capitalizing on assets...is important in the strategy of growing ETD business" I thought they were getting out?
Web site now with zapata q and a section in under investors tab
ETD being sold
Does this mean Glenn and crew have no conversions as we are nowhere close to the strike price?
Any thoughts on the 8k?
They had 12 NDA after talking to 50 companies.
They anticipate getting enough to pay all convertible and non-convertible debt with an additional 3500000...looks like about 120 million.
If they pay back all convertible debt, that would essentially take care of the dilution issue.
The question is what is the new company good for?
Then they also offer 50 million shares to zapata at 1.50?
What do you see as the best and worst case scenario
I doubt "they don't know what to do with it." They have been talking about an acquisition since their q3 cc.
Did they give a timeline, like early next week?
We have no idea what is in store and we are not familiar with the technology...I am sure Mcgann and crew have a plan in mind...they need to talk to the investors though
To be fair again, all guesses on this board have been wrong.
People on this board stating theories as if they are facts.
The board and Mcgann appear to have a plan, it could be viable or not, but we should not pretend to know more than them, awaiting conference call.
Wondering what the timeline is for that uplifting is...is it in months?
What this transaction showed me is that we have no idea what the bigger picture is.
To be fair Mcgann did mention this is a possibility in his past cc.
Anyone here stating that this is a stupid idea is assuming they know more information than the team which is absurd.
The wait continues, will wait until the company explains itself before making any judgements...
GLTA
Has the deadline passed? Don't we still have 11 hours?
That would be the most obvious statement of the day "noticed" by ps...you don't lend money to be friendly
No they don't, read the last wsj article...no plans to pay back clients until 2017 and will pay back 20 million dollars to union fund this year...no plans to liquidate their arbitrage fund this year
How much is due by end of June?
.67 would make it essentially even.
Whatever though, this will be much higher soon anyhow.
Glta
Kb
The lost of money is purely due to dmrj itself and their interest...one should look at the ebida.
I do believe that management has a fiduciary obligation to act in the best interest of the company's shareholders...a deal that blatantly cheats shareholders would not look good in the court of law...doesn't dmrj hold over 100 million of convertible common shares that have to be valued at the same price as that of the common shareholder?
Let's start bartering for services
Point is they wouldn't want the shares if they were worthless
The point was it wasn't in cash...
" a $284,000 increase in consulting expenses due to the issuance of shares of our common stock to two advisors for services rendered under the advisory and consulting services agreements and investment banker advisor fees, a $263,000 increase in legal fees attributable to our ongoing review of strategic alternatives"
Can someone explain to me why the advisors would want options for a "worthless company?"
Thanks.
GLTA,
KB
Finally had the chance to listen to the conference call. McGann sounded pretty disinterested.
Questions were superficial. Going through the motions. The financial situation is huge with major changes in the last 2 months without any mention. No one asked about current and future Europe, CATSA, or worldwide sales.
They company paid Liscouski > 1,000,000 in compensation? Really when you are still losing money. The company is still losing money, though much less. The decrease in margins not a good thing. The growth is impressive however. Mcgann sounds pretty relaxed, like he is about to open a can of whoop ass soon.
GLTA, KB
Was working...so essentially no one cares about the actual earnings and something is in the works...stay tuned? That's a short conference call.