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Re: guilfordin post# 17441

Saturday, 06/09/2007 11:01:17 AM

Saturday, June 09, 2007 11:01:17 AM

Post# of 132530
I'm not sure where you're doing you DD but if you read the open ltr to shareholders, both Team and Cementers have at least revs while Team has approximately $14 million in revenue in 2007, resulting in approximately $4 million in EBITDA. Read the last couple PRs too. Granted, you can either believe it or not, your choice.

While I don't disagree with your tone of dissapointment, we all are at this juncture, if one can believe the statements in the PRs, Team and Cementers have at least revenue if not profits.

I think the main problem here is the mystery of how many shares are going to have to be issued for the overall expansion and will the $7MM investment banking funding proposal (assuming this doesn't involve at least common share [not restricted] issuance) for Cementers be a trend in their future acquisitions, vice straight share issuance, going forward. If the co can put this issue somewhat to rest, emphasizing that revenue/profit will more than offset whatever future share increases may be necessary, the PPS will be priced by the market at a more fair value.

http://biz.yahoo.com/pz/070518/119827.html







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