Auscrete Corporation (ASCK)

[bhonda]

They don't have the money and they would have to sell a ton of stock to get the kind of cash they're looking for....

Use of Funds
As at March 31, 2017 the company had planned the acquisition of land on the Rufus Industrial Estate. Initially the cost was $270,000 to purchase and develop the land. 2 buildings are to be constructed initially, 1 at 25,000 and 1 at 16,000 sq. ft. The cost of supply and erection of these buildings will be around $695,000. Plant & Production Line Equipment, which comprises concrete mixers and cement and sand handling equipment, fork lifts, casting tables and specialized equipment, will cost approximately $900,000 and Shop Equipment will be $180,000. The balance will be used for working capital and expenses including wages and salaries, marketing, IR services and other working capital and reserves.