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Friday, January 18, 2008 8:35:05 AM
Read the PR: "Mr. Scozzafava added, “Additionally, certain of these assets represent a tremendous platform that Seaway can immediately assist in positioning for growth inside and outside the region – both organically and through additional acquisitions.”
I think he is saying that additional financing will come in the form of ASSET BASED financing instead of equity based financing.
Tom had to start with equity financing to get the company started and pay off existing debt. THIS ACQUISITION IS A GREAT MOVE. Acquire assets to assist in future financing for more acquisistions instead of more dilution
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