InvestorsHub Logo
Followers 741
Posts 61427
Boards Moderated 10
Alias Born 10/05/2009

Re: junkHustler post# 80981

Friday, 01/18/2019 9:48:08 PM

Friday, January 18, 2019 9:48:08 PM

Post# of 85898
What I read was getting 1 Million in receivables and paying 1.4 Million for it over time, (so swapping 1 million for 1 million) so basically getting the company is paying $400,000 plus the $625,000 note and adding 6 million in revenue with a 1 Million dollar net annual profit rate history.

What most of us did not like was the .10 conversion floor.

But ICLD could have crushed SGSI with share conversion ages ago using the 21 month old AWS debt the last 15 months to bury us.

So why have they not done that?

There must be some kind of ICLD/SGSI management unwritten "understanding" we are not privy to.

All of my posts are strictly opinions and should not be considered to be facts, or investment advise. They are for entertainment purposes only.