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Thursday, September 20, 2007 8:43:51 AM
The PR also states that there will be no debt or equity financing (so no dilution) used to finish the purchase of Hackets.
As we discussed yesterday, the latest PR confirms that Wisebuys owns "non strategic assets" with a high enough monetary value so that the sale of those assets will finance the final aspect of the Hackets acquisition. And we came to the conclusion that Wisebuys is more valuable than we had originally thought because this latest PR proves that they own real assets as opposed to just liabilities, ie a lease might be considered a liability, whereas owning real property is an asset.
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