InvestorsHub Logo
Followers 113
Posts 9071
Boards Moderated 2
Alias Born 10/24/2006

Re: MONEYMADE post# 3790

Thursday, 05/15/2008 7:51:41 PM

Thursday, May 15, 2008 7:51:41 PM

Post# of 97362
Money, I think it will stay right there till after the merger. My guess is part of the deal would be for the directors to get rid of the debt and escrowed shares handed over to JPI. All this will be accomplished by JPI paying off the erstwhile directors a nice amount and paying off their debt. I imagine JPI will incur somwhere between 800k- 2M to go public by the way of payment to the old directors. After Merger, they may decide to sell shares to bring new capital for expansion. But i doubt we will see an increase in A/S in the next 1-2 year.They might do that after moving to a bigger exchange than OTCBB.


Disclaimer: Do not buy or sell based on my recommendation. I am not your financial advisor .My recommendations are based on my intuition, research or both and may be right or wrong.