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Re: highonstock post# 35982

Wednesday, 10/07/2009 3:19:56 PM

Wednesday, October 07, 2009 3:19:56 PM

Post# of 375420
so they raised the capital for the acquisitions, of $100-$200MM based whatever EBITDA multiples you want to apply? Was that debt or equity?

While we are on the balance sheet, if you looked at QASP balance pre and post merge into the shell it is relatively the same. Meaning no previous shell debt. In fact, the only debt is $371k labeled now labeled as a corporate loan, but pre-merge was a aircraft loan.

So what debt is Dean paying off with shares?

Also, why have the execs taken loans out from the company? Not big ones, but they all add up.

You guys can ignore this post, or delete it, but the company is starting to smell like rotten fish.

That's my due diligence.