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Re: allenc post# 5295

Tuesday, 01/21/2020 10:47:32 AM

Tuesday, January 21, 2020 10:47:32 AM

Post# of 20628
This statement is just plain "hokey"...

"....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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