Thursday, December 28, 2000 10:29:48 AM
you have made a worthwhile contribution to this board......Let's throw a party.
I agree it would make a huge impact in the SEVU market for Rich to buy back some shares.
It would also make a huge impact for Rich to pay for the first production run out of his own pocket. This of course could be done by either paying back the SEVU loan plus making additional loans to the company or by issuing more shares to Rich in exchange for the additional capital. In either case SEVU should get their loan paid back to them.
I personally would like Rich to Loan the company the money as to not dilute the stock, but I feel the additional capital created by the issuance of new stock would greatly help the balance sheet. As it would be an increase in shareholder equity as opposed to an increase in corporate debt. In the long run, I feel a little more dilution to get this puppy flying is a small price to pay.
NOTE: this assumes that cash within the company is a major contributing factor to the lack of current production. I'm not dure if that is the case, but if it is, the above is a plausible solution.
JMHO
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