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Tuesday, July 15, 2008 7:42:45 PM
PVD had told many callers that he was paying lawyers $500 per hour for work to that end. It would be nice to know how much if any the company retains in cash after those expenses. If there is cash in the coffers then that is the share holders equity. To date IAHL has not shown that the share holders have any equity other than a paper airplane.
I think the $60 million figure they have mentioned in the PR of 6/25 is to buy a production facility to manufacture the Integrity:
"IAHL also is currently in the processes of negotiating $60,000,000 (Sixty Million Dollars) of debt financing, from hedge funds, pension funds and private high net worth individuals. These funds will be in the form of a combination of Dollars and Euros, the company expects to have these funds available in the very near future."
Reason for concern: this statement should be of serious concern to us. Can anyone see a pension fund investing in a penny stock?
Reason for concern: "Hedge Fund Involvement- As the name implies, hedge funds often seek to offset potential losses in the principal markets they invest in by hedging their investments using a variety of methods, most notably SHORT SELLING. (source Wikipedia)
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