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Alias Born | 11/08/2011 |
Tuesday, January 21, 2020 10:47:32 AM
"....currently in negotiations on a letter of intent..." -translated: "we do not even have an LOI executed, let alone putting earnest money down on a real estate transaction that is binding"
"...to purchase real estate that could be used for manufacturing and distribution". - translated: "could...or not....for manufacturing something that is really cool once we figure out how we will pay for such a bold move"
"Neutra hopes to complete the transaction later this month." - translated; "we hope for a lot of things - like winning the lotto...not saying it is actually gonna happen"
So not really an actual "acquisition"...more like just a "purchase" of an asset using money they do not have without more dilution.
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