Consumer Automotive Finance Inc (CAFI)

[JustForFun7]

Bobwins,

I am also mystified as to how they are going to pay for this. Are there any public records on how much capital Capital Autos (or whatever they were called before the name change to NowAuto) had on the books?

If they were issuing warrants, would this not change the number of issued shares? or does that only happen when the warrants are actually exercised. I guess I am thinking of diluted shares. So the statements by the CEO that the issued is still 10 million does not preclude them issuing warrants.

My bet is convertible debt. That would give them the best risk reward. Secure the debt with the asssets of the new dealership and make the terms of the convertible real attractive at these current prices.

Interesting development though. Delay the much wanted / much needed financials but sweeten the pot of potential. Looks like the nervous investors (are they the smart ones also?) are leaving. I guess only time will tell whether this is gem in the rough or a scam.

Have fun,

JFF7