DD: from Andrew at IR...
Andrew is the best indie IR guy around in my opinion. I was on the phone with Andrew about another company for about 25 minutes last week. Andrew is not a pumper IR person. He is straight as an arrow and his information was careful to play down hype from internet forums as he focussed my attention on the real things that were happening as opposed to fairy tales.
So when I read your post quoting Andrew as saying the debenture with Golden Gate was done, I immediately called Andrew to confirm this. While the accurate information I received from Andrew is very bullish, you misquoted him. I do not believe you did so on purpose and either does Andrew. This stuff is tricky with the lingo, so let me clarify what Andrew said. And he has allowed me to quote him as to the following.
1. The coming 10 K will "UPDATE" us on the Golden Gate debenture escrow. As of the June filing, there was $92,000 worth of escrow left over for GG. Of course that $92,000 is worth more than current market price. The 10K will tell us that either there is less than $92,000 -- and it will give us an accurate number -- or it might even say that the debenture has been completed. So the 10 K will just be an update.
2. THE GG DEBENTURE ESCROW WILL NOT SURVIVE THE CLOSING WITH AERO. Aero will NOT inherit the debenture. Andrew can confirm that by the time the deal closes with Aero, the debenture will have been completed if it is not already completed now. Satisfaction of the debenture will DEFINITELY be done before the closing.
