Friday, October 15, 2010 10:02:57 AM
BnetTV has paid about 100K in legal and accounting fees to get to the point where they can do acquisitions, a private placement, and go public.
Eastern Asteria owns 40% of BnetTV and has been willing to give the shareholder the benefit of the company. Any other company in the world would pocket the proceeds and put it towards expenses and salaries.
Do the math-- if BnetTV completes a $15 million dollar raise next month, that puts EATR's 40% stake in the company more then 5 fold it's current evaluation. If they go public and BnetTV is at $30 million - that's a 10 fold increase at current evaluations. And the company is handing us the BnetTV stock from the dividends.
I see a lot of complaining, especially from the PRMO shareholder crowd... Plenty of worse situations in the Pink Sheet world.
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