Saturday, August 25, 2007 3:54:04 PM
IMO the company has drawn the line in the sand.They are the ones refusing to dilute further which caused the action of AJW serving them with default.Then the company releases the revenues are on track pr.
Thinking the company has picked this time to negotiate because they know both parties still need each other.AJW is still owed plenty and needs this company to continue on, to get repaid.If AJW decided to claim the assets,im not to sure they have the clearances to deal contracts to the US government.Making the assets worth much less to them,this is where they need current management.IMO the officers of this company think now is the time to renegotiate terms,or scuttle the ship.Otherwise they will be working for salary for a long time.
Some of these CDs are in default for years,but AJW has picked now to cry default.If these revenues start playing out ,the funders would seem to gain more through class A shares,options and warrants.If they squash this now, it would be foolish,all IMO.
Does present a good short term opportunity with positive news of course.
GL
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