Sunday, December 09, 2007 9:19:35 PM
I am really reluctant to post anything because the hordes will decend with the "basher" routine unless glowing stuff is said about "Pope Tom" and his brilliance...
But, sometimes the BS just gets too deep....
Please explain to us or tell us of any 30 MILLION dollar company.....let me repeat that 30 MILLION $$$$$$$$..... with a POSITIVE CASH FLOW.....and a line of credit at the bank....
what company, in that GOOD FINANCIAL POSITION, has to go thru the arduous negotiation of securing 1/2 a million bucks in cash.....backed by warrants this....convertible that...and and pages of negotiated this and that and conversion rates and exercise this and on and on and on.....
THAT SHOUD BE TOTALLY UNNECESSARY !!!!!!!
just go to the bank and get 550k on the line of credit....why go thru all that nonesense??????
just as Soapy posted/remaked the other day that the 550k was pocket change (or something like that).....
well, if it was "pocket change"....why the elaborate, unnecessary gyrations??? Unless...all is not that rosey???!!
(I know Soapy will jump in on this one and try to lambaste me with with some positive spin....I can hardly wait....this is going to be "rich" !!!!)
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