Friday, May 08, 2009 6:46:02 AM
FROM ANOTHER BOARD!!!!
"This stock will move up very very fast back in th $20's next few weeks
Everspan is in a catch 22, ABK can't fund Everspan if they can't get a
AAA rating, they have approval to set up the financing but is unable
to use this capital till it's official. Moodys has been invited in
joint negotiations with at least one contract negotiations between
ABK, the client, and the lenders. The intent was to help persuade
Moodys to give a favorable rating to Everspan so that they can begin
operations. But there is nothing official as of yet. However, the
project looks like it might be a go because they need it complete in
time for a national manufacturing company to produce beverages at the
new location and create jobs within the community. With other
construction projects all on hold across the country they would be to
keep costs down and perhaps within the budget. The talks had evolved
to the point where ABK felt that it was necessary to fund Everspan.
That was what I was talking about when I said in prior posts "You
don't get all dressed up if you don't intend on going dancing". ABK's
management IMO truly believe that the contract will happen, Everspan
will get their AAA rating, and the begin operations soon because of
the construction time lines to begin this project and complete it
before the community begins construction on the manufacturing plant as
they require the water for this beverage plant. So expect something
very soon. The last three conference calls were before markets opened
and this quarter is at 11:00 am est. (the prior announcements were
massive losses). Just a thought on the change of time announcements. "
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