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$5m SBA loans r nearly impossible to get...he did everything he humanly possible cud to qualify
go try to get a SBA home equity loan...even if ur house is paid 4...no dice...i tried
fed gov't has been adding rufly 5 rules/restrictions per day since 2008 global bank bail-out/housing crisis
to much mon morn QBing here imo
gr8 strategy imo...i'm happy to keep adding till end of notes
long term play that will lead to share buyback plan...not r/s imo
asif is being aggressive...while his peers r back on their heals/in survival loan
SBA flipped the script here...those accumulating have eyes 2cit
pps is acting as if SBA loan never happened...sellers r delusional down here imo
asif voted for gnpt with $2.5 collateral...i'm voting with my 5m shares...and i will continue to buy sub 002
i'm thinking raise in a/s will b for acquisitions...there's a gigantic fire-sale goin on in the scrap metal world...and asif is buyin the blood
restricted shares issued for acquisitions adds productive muscle to the ever-growing beast that is gnpt
what about the nearly $4m in toxic debt he knocked out...
r u illustrating what was left over
asif is moving full speed ahead/ship has turned...wont stay sub-copper much longer
more than we know going on behind the scenes folks
if asif can manage the complexity of stripping/cataloging/selling auto parts within a wide reaching cooperative system...demo debris/rising scrap metal/used oil/clothing r all gravy
wait till big boyz get here...BOOOOMMMMMMM
flipping this thing for 0001 moves down here is asking to get left behind imo...takes 1m shares to make 100$
trading small bloks around ur core position only way to go here imo
we will run/plateau several times in the yrs to come
plateaus will b due to restricted shares issued for acquisitions
growing/growing pains ahead...all positive imo
oo5+ when we get end of conversions pr
welcome back spudbull
QUIET B4 STORM HERE...little if any dilution from notes left imo
just be thankful classic car part market is at its peak...majority of our revs
now that we'r goin into demolition debris recycling..maybe state of GA will have some contracts 4 us
i'm bettin share buybacks down the rd vs r/s
asif has 38m commons that got smashed just like ours
no history of r/s also promising imo
SBA process takes 4ever...scrap metal prices r in the toilet
he did the best he cud with what he had imo...many of his peers r already dead or dieing
he cudnt even afford raw material costs b4 loan came thru
all of $5m loan amt is accounted for...going toward expenses...not ceo compensation
the 2 collateral properties were the 2 gnpt salvage yards imo...hard to do biz with those sold
look at the long term macro pic here...SBA did...25 yr loan...if asif can pass their audit..we'r good 2 go bro
what other ceo on ANY level is willing to bet $2.5m of their own property on do or die future success
he's buyin the blood...just like we r
many rivals r floundering...hope he buys up a few more
u r right..asif has been executing a diverse game plan..and now with much lower expense...& soon to be larger capacity
wudnt b suprised 2c GA gov't to come calling
not just any co can pass the level 10 SBA proctological
asif/gnpt has been vetted more extensively than the SEC cud have
no amount of DD can dig thru asif's closet the way SBA process did
end of notes news due out...URM acquisition final within 2 mos...
loan expense lowered by 75% due to nearly $4m toxic debt knocked out
toxic debt done for good
last Q was profitable against the headwinds of rock bottom metal prices/inability to buy sufficient raw materials/toxic debt still strangling the co
silver probable within 3 yrs imo
silver...long term imo 10,000%+
GA gov't contracts cud very well happen down the rd
o toxic debt
growing revs/acquistions
melt-up will leave em buyin 003+ imo...low float/small entrance..into a giant stadium of revs/growth
just loaded 1.6m more...lets rollllllllllllllll
.01+ in 90 days 1000%
.10+ in 18 mos 10,000%
long term momentum will build here imo..cherry on top cud b GA gov't contract(s)
many potential game changers on the horizon..brot about by the key SBA gamechanger
requires vision/a little imagination...but stars r aligning
521921476 actually
nope...o/s jumped over 530m
why file 14c 3 wks b4 announcing SBA loan approval...dusnt make sense
i'm sure when he filed 14c...he knew he had the $5M loan in the bag
i just don't get it
if the 3B a/s incr is for remaining notes...we'r in deep du du
we know it wasnt for loan requirements
snowball has started to roll...SBA loan was bigger game-changer than anyone knows imo
GA gov't contracts cud follow...given larger/more capable fascilities
i see asif expanding well outside GA as well
if asif hits his long-term goal of 100-$150m revs...we see silver in 2-3 yrs imo...given buybacks
i bot a bunch @0015
alotta little buys sub 001
anything under 003 is a steal imo currently
in a yr...all buys under 03 will look cheap imo
took ALL of the $5m SBA loan to knock out majority of toxic debt/allow for operating expenses to be paid as the ship turns
we cudnt even cover raw material costs pre-loan
any avail cash is being poured into URM deal...imo
asif is letting short-timers burn themselves out here...just more accumulation opportunities goin fwd imo
long term holders WILL b awarded imo
i'd rather own something like this where ceo owns commons/mortgages nearly all his assets to keep co goin fwd
i believe asif pulled the last levers avail...incl SBA application
future revs will cure alot of ills here imo
anybody doing the math on remaining notes..we have 2b near the end
highly doubt any more will b issued
tail end of conversions spooked peeps during same time period...o/s ran to nearly 500m
once this situation is clarified...we can move fwd
peeps r assuming silence=more conversions r possible/not done yet
30% penalty to pay off possible existing notes...& all $5m loan $ is either spent or accounted for/unavailable outside of day2day operations
so...dont release the 1 PR that made it run to multi-copper 7 mos ago...gr8 idea
announce finito of toxic conversions...like he did this summer..which made her run to .023
difference is...this time notes r done 4 good...& we'r sitting here with our &^%$ in our hand..assuming they r done...given 8 days w/o o/s incr
asif needs to confirm...but he's all pissy about SH criticism
so u think he is still issuing toxic notes??? dusnt make sense imo...given SBA loan
otc usually thrives when big exchanges plunge...worm is turning imo
end of conversions PR is nothing???
especially when SBA loan makes this the end of toxic notes indefinitely
not to mention that all future o/s increases will involve restricted shares given in return for rev boosting acquired co's