Thursday, November 15, 2018 11:34:59 AM
Specifically looking at there ability to fund the JV with Greenshift while they are also looking to fund various technologies
5G Wireless
Attis Healthcare
Attis Medical Waste Disposal
Fighting Forest fires
Competing in the Ethanol industry.
If one of the technologies does well that could give them some lift and some more to work with- But I'm concerned that they could be spread to thin.
6/30/2018- Cash 278,993
A few of the Assets they list
18,050,000 ( looks like Greenshift- asset )
10,000,000 Debenture ( Greenshift funding? )
Goodwill 5,279,207 ( Not a tangible asset )
My concern is 33,329,207 of the 44,653,407 assets are basically the JV-Debenture-Goodwill
Liabilities 29,038,518
Hopefully Attis can raise money or secure funding to strengthen this JV with Greenshift technology otherwise I speculate Greenshift potentially could face challenges having the resources necessary to compete with the big players.
I'm not sure what type of funding this JV will need to give it lift off- Its a fair question and one I asked Kevin in e-mail and on the board with no reply as of yet- maybe some general feedback is possible when it comes to this JV early stages.
I hope to learn more- As I've stated Greenshift is a very interesting company if they can avoid dilution and possibly win infringement case that would make it very intriguing
I wish Greenshift and its shareholders success but would love the attempted transparency a few weeks back to be the norm not the exception.
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