Cartel Blue Inc (CRTL)

[kermit42]

It seems to me now that the big question is whether that extra 80 million shares is already sold or is still to come (the email is ambiguous on that point). It is the difference between a shrug of the shoulders and a run for the exits.

Posted by: carrega
In reply to: invisiblegun who wrote msg# 49394 Date:2/16/2008 10:59:00 AM
Post #of 50079

Here is a response I got from Chad last night;



We posted the new O/S in the last PR. I also was informed the Company raised its financing from 20M to about 100M shares. This will allow them to have sufficient capital to ramp up for the $80M contract as well as add 20,000 S/F to the facility. A sneak peak of the car associated with the contract was in today’s PR as well. After speaking with the CEO it is my opinion that both the notes and financing are
almost complete now if not totally considering today’s volume. The second note and the Preferred have not been signed off on and I do not see them being an issue anytime
soon. The Company took advantage of the liquidity and raised well over $200,000 which will be used to strengthen the balance sheet. This additional financing could
push us slightly over 1B shares however we are still well within our pro forma predictions. There is more to the story that will unfold when the time is right. I think shareholders
will be excited about some of the upcoming developments.