I believe that they put up over $668,000 towards the SMW purchase, with the remaining $ 475,000 as a Note. That is NOT the sign of a company with cash flow issues, at least on my planet. Here it is from their 10 Q
4) Acquisition of Specialty Microwave
On September 12, 2019, Amplitech Group Inc. acquired Specialty Microwave Corporation ("SMW"), a privately held company based in Ronkonkoma, NY. The purchase included all inventory, orders, customers, property and equipment, and all intellectual property. The assets also included all eight team members of SMW. The total consideration paid was $1,143,633, consisting of $668,633 in cash and a $475,000 promissory note with an interest rate of 6%. Additional acquisition costs that were expensed at December 31, 2019 totaled approximately $77,000. The Company also entered into a five- year lease on the property located at 120 Raynor Avenue, Ronkonkoma, NY with an option to buy the property during the first two years of the lease for $1.2 mm and then at fair market value for the remainder of the lease term.
Please refute any comments about "wash and rinse" with facts and not hyperbole and rants as I referenced from you below.
"seller needs to be gone...its as simple as that...note needs rinsing...and their cash flow sucks."
The only thing in living is just being satisfied and knowing you have no one left to blame...Gordon Lightfoot.... Carefree Highway
AI
