Wednesday, April 30, 2008 9:13:38 AM
a)We will start seeing debt financing for acquisitions instead of equity financing
b)As we gain profitability in the operations, excess capital will be used to pay off existing CD and buybacks.
c)Management is committed to this plan. Nothing about a R/S here or cashing in the 80% Series E's.
Unfortunately for some, the bogeymen don't exist like they so want them to. Simply put, this is a startup, acquisition minded entity that needed sources of capital to fund it. It used CD's to do so as this is the easiest form of capital to obtain. It is also the most expensive. As profits come in, lower costs of capital are accessible (see Wells Fargo).
The plan is moving along just fine, and yes, there are still other CD's out there, but all related to the value of the investments we brought in. So please don't start with the "I told ya so" if the shares o/s rise. Those who scream about dilution don't recognize the other side of equation --> value brought in
My thoughts for the day. No need to debate it, because no conjecture here. All based upon what has been presented in the releases and filings.
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
Winston Churchill
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