Thank you.
And you're welcome.
Mark...
Outside debt referring to externally-sourced capital. Debt-based. As separate and distinct from the startup/development stage typical of insiders personally financing operations and growth/expansion.
In the case of SPNG and RM Enterprises we're talking financing viewable as a series of private placements. Equity-based. The involved issuances viewable as collateral. Loan collateral. Those issuances complete with a restrictive legend(s) attached. And issued at a 40% discount to market level in light of associated risk. That market level could see a significant and sustained downturn post-issuances. A matter of management putting their own money on the line in bringing value to all involved.
And kudos on that one.
Not a matter of overwhelming debt load as is typical. Of being leveraged to the hilt.
Recalling Mr. Metter having long ago made it abundantly clear that, in launching the new (at the time) operational focus on product development, the successful securing of a bank loan on favorable terms was simply not doable. Company fundamentals just weren't there.
While more recently we have...
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
And, so far, all smiles for sure.
Kudos indeed.
Mingy...
Very interesting.
Incriminating as need be given the disappearance of The Dean's June 11th musings.
Saying all same has to/needs to.
Folks in need of a little regulatory attention.
Plain and simple.
Kij...
Between RM Enterprises cancelations and the open market buyback the Outstanding count target was announced as being in the 500m area. The private side and public chatter on the subject suggestive of the 300m area being the current reality.
Recalling how certain parties among us spoke earlier of Bill Young having supposedly quit or been summarily dismissed. Of supposed company IR complicity. Supposed fraudulent PR's published. The Flickr bit of stupidity. And the supposed infighting. Laughable claims of a falling out among management. The involved parties supposedly distancing themselves from one another. Claims of Mr. Metter having gone so far as to have submitted his resignation. So on.
With it being sad the degree to which some of the once faithful among us have bought into much of the ongoing spew.
Holding tight in the absolute.
Stephen…
There's no arguing the fact of management owing a fiduciary duty to shareholders to keep same fully up-to-date and informed at all times. No arguing, additionally, with the fact of all involved being entitled to personal perspective as regards all. Your having made your own stance perfectly clear.
My personal take being as per my postings. Entirely satisfied with the primary fact. The fact, that is, of a management team getting the job done. Advancing a startup/development stage public company to fully operating status. A tough row to hoe even when not fighting a constant uphill battle against truly evil forces.
I'd much rather a management team getting the job done than a management team only too willing to talk the talk but unable to walk the walk. Not to mention that it's, all of it, being accomplished on management's dime.
No arguments whatsoever.
Allowing for current overall circumstance. Regulatory involvement. Uphill battle. Additionally, the fact of current trading venue status. Being understandably loathe to open the info./detail floodgates prior to OTCBB status being restored. Proceeding in the best financial interest of all involved.
Mr. Moskowitz having, again, made the situation entirely plain. The OTCBB first. THEN all hell breaks loose! Flatly stated via email in response to a series of very direct questions.
My vote being what it is.
Continued patience the key.
Daniel Pike and a host of clear-thinking others in full agreement.
None of the faithful longs clinging to the past once trading levels of $0.50 plus are in routine evidence. Our being in good hands. The best of hands. Competent. Capable. Getting the job done. The bringing of value. Our knowing well some of the goings-on back in June of '09. Parties in need of a little regulatory attention. Lies and deceit/distortion afoot.
The OTC being a trader's paradise. What it's all about. Taking the money and running! Green and gone! America's Cleaning Company being a different animal. An ideal candidate for that one in fifty startup/development stage public companies that manage to achieve long-term success. A matter of a company that simply belongs upstairs. An actual investment. Golden ground floor opportunity.
Holding tight in the absolute.
And thank you for writing.
All the best.
Mike…
Been there, done that.
Mr. Metter from the NFE Conference...
"We've grown with very little capital."
Recalling additionally the use of the phrases…
"Grand slam!"
"Haven't even scratched the surface."
As for the prospect of a buyout?
Bill Young telling us that a merger or an acquisition amounting to an "always on the table" proposition.
It being nothing short of sheer insanity for the inside to opt for personal enrichment via criminal pursuits in the face of a legitimate gold mine having emerged. Right in their laps.
With now a battle with FINRA.
The OTCBB.
Seeking regained status.
Fighting to maximize shareholder value.
But not to the point of mindless self-defeat as talked about.
A brand new trading week ahead.
Having a great weekend.
You and the rest.
AI
