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Re: ClayTrader post# 5679

Wednesday, 03/07/2007 9:12:30 AM

Wednesday, March 07, 2007 9:12:30 AM

Post# of 27222
Asset based financing is when you get cash loaned to you against your assets, i.e. uranium. The uranium serves as collateral until the loan is paid off with revenues. If a company doesn't think you have any assets yet, they will offer you cash in exchange for convertible shares, which leads to major dilution of your stock making it worth less and less. Asset based financing means we will not have to take any dilution in shares in order to finance the recovery of the uranium. It's fantastic news!!!