Thursday, December 14, 2006 4:42:13 PM
Sentinel, I would say it's possible if they could work a deal
for a stake with an outside buyer.
Anything is possible.
But I agree the company wouldn't use monies acquired from the
debentures with GGI. Those funds are currently being used
for operating expenses.
The only way I see the company doing a direct buy back
is when they reach a point when there are profits via
positive cash flow from subs, and when they no longer need GGI
to keep the company running.
But I would say we're a long ways off from that scenario.
for a stake with an outside buyer.
Anything is possible.
But I agree the company wouldn't use monies acquired from the
debentures with GGI. Those funds are currently being used
for operating expenses.
The only way I see the company doing a direct buy back
is when they reach a point when there are profits via
positive cash flow from subs, and when they no longer need GGI
to keep the company running.
But I would say we're a long ways off from that scenario.
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