So July 1st comes, and we hear that "Newby hit some snags" and we are futher delayed. "QASP needs to provide more money in regards to fee's to get the transaction done".
Mr. Bradley clearly did his part because we know how much up front money he gave to Newby, and futhermore it's obvious that the money came by way of dilution.
(I agree with Jr, that Newby should be held accountable to a certain extent, but I did mention that there was a bit of finger pointing that occured in the NR.)
So here we sit waiting to see what happens next. We know that Mr. Bradley needed to find another $1.8M for Newby to make a second attempt at securing the $110M funding.
We haven't heard anything about the $1.8M, but we do know this, Mr. Bradley hasn't diluted to get it. There clearly wasn't enough room in regards to the OS/AS to do so.
(Possibly the millions Mr. Bradley spoke about in the last CC in regards to personal contributions, is where the answer may be this time around?)
As for the $350M funding, we know there isn't enough room in the AS to get it done now, and honestly would someone really want to take this kind of risk on company that is trading at half a freakin' cent?
(Who knows, but if Mr. Bradley's plan is solid, it would be one hell of an amazing payoff for someone to take on the risk.)
Personally, I believe he will pull it off so I will sit back and watch what happens. Very interesting situation, and it will be a very interesting conclusion, and you can bet on that!
Best Regards, Bernie
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