Quote: 'Scenarios with inflated revenue numbers with very little in net operating earnings aren't going to work.' ...
Question: I tought you said debt was the critical factor. Now paying it changes nothing ??? If company cleans the debt it should then be able to both clean the debt and finance expansion ... ???
Quote: 'They are borrowing each quarter to cover and those willing to lend is running short. Two notes taken out in Q2 also matured in Q2 and went unpaid. Borrowed $240K against future earnings in Q2. The bulk of the $247K of cash generated from operations for the first 6 months of the year came from the Canadian property lease. That source of earnings is now in jeopardy with the mortgage maturing in July and not yet refinanced. Bottom line is that cash flow will not be able to repay the June Leonite note and default means that the company will become Leonite's personal ATM machine.'
Question: wouldn't this 'problem be resolved by a $10,000,000 cash arrival?
Quote:'I see little reason for an angle investor to swoop in and throw good money after bad.'
Question: Could it be that 'throwing good money in' would become a good invesdtment if the money throwned in was rendering the company a financially healthy venture?
Cost of the 6,000,000,000 shares acquired: $ 0'00167
O/S 10,000,000,000
Even only condidering $5,000,000 revenues already secured, all that would be needed for this investment to BREACK EVEN UP FRONT is to assume a multiple of 3,33 so the market cap becomes $16,700,000 (pps of 0,0167 pre R/S suggested).
This is hypothetical but bottom line, WHATEVER THE PAST SAYS AND YOU ENJOY REHASHING, their is a way out of the historic mess ... looking forward.
