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Thursday, July 22, 2010 10:14:24 AM
The ULA IPO will probably never happen. They have to get a distillers license which doesn't happen quickly. They have to have the manufacturing facility and equipment installed for the ATF to inspect it. Then they have to run test batches and submit them for approval.
Since ULA has no money, they can't get the plant and equipment until an IPO is completed. Is there a concrete date for the IPO? If it was going to happen this fall, the date would be set well in advance. RMDM wouldn't see anything in return from ULA for at least a few years.
Has TDI Gaming completed an IPO? Weren't they going to use that money in their fraudulent stock buyback scheme? Is there a bridge loan that needs to be paid off? You do realize the profit from the 1st quarter was because of the shares they sold during dillution don't you? JMO
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