Eastern Asteria, Inc. (EATR)

[CVS-1]

The deal isn't closed yet, but they should hopefully close in December. The idea for BnetTV is to expand their network. Alphatrade has thousands of users, and have been moving over to digital media. It's a great match for a company that needs content, which BnetTV supplies. Alphatrade has $5 or 6 million in revenues. From what I understand, it's an all cash deal.

With a majority stake in the company, BnetTV and Alphatrade want to roll back the stock, and rename Alphatrade- BnetTV Communications and list on a major exchange come January. This broadens out the business model of both companies.

It's great news for EATR who owns 40% of BnetTV. Their investment would be liquid very soon. If BnetTV/Alphatrade has a market cap of $25 million come january or february on a real exchange- that should put EATR's market cap at around 20x it's current level. A market cap of $50 million would be 40x it's current level.

I was hoping we would see the BnetTV PPM posted this week, I know it's been issued and they're doing a raise. I assume there's some legalities regarding distributing private placement documents online. But I've read it through, and it mentions the Alphatrade acquisition and has their 2 year audit, and details of their business plan. It looked solid to me.