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Re: dale45 post# 79967

Wednesday, 02/10/2010 12:16:19 AM

Wednesday, February 10, 2010 12:16:19 AM

Post# of 375420
Dale, i think you are wrong by saying money is not in hand. Certain % of $350 million is already being used in the closing of first two acquisitions (or it could be four).

The reason for this change is that the terms of the funding of the balance of our $350,000,000 financing requires us to issue Class B non-voting shares equal to forty percent of the total outstanding common stock to the lender.

The companies were acquired with a combination of cash and notes.
http://finance.yahoo.com/news/Quasar-Aerospace-Industries-iw-3012693962.html?x=0&.v=1

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