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Re: kajulie post# 743

Thursday, 06/17/2010 2:26:18 PM

Thursday, June 17, 2010 2:26:18 PM

Post# of 7618
But that's not what the PR stated.

From your calculation:
3,425,000 left from deal - 1,700,000 acquisition = 1725000 surplus

So, by your calculation the PR should have read as follows:

"in the amount of approximately $1,725,000.00 leaving the Company enough surplus cash AFTER successfully closING on the acquisition"

But the PR states

"in the amount of approximately $725,000.00 leaving the Company enough surplus cash to successfully CLOSE ON the acquisition"

You forgot to calculate in accounts payable, bank fines, closing costs, salaries, operating expenses etc...



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