from stockhouse:
Expect a PP at $.06
So, lets break it down:
40,000,000 shares at $.06 = $2,400,000 (Perhaps in 2 tranches)
$1,000,000 for the facility
$400,000 to get it fixed up plus merge plus market
$500,000 to start new product testing
$500,000 payment to Olympic Committe installment
Plus 3,000,000 shares of course.
At least there is no need to worry about previous warrant dillution, this is so far off the money it is ridiculous.
Seavan building will be a must completion for APH as its do or die time to get revenues going, pay off bills, build product line and start the long long overdue testing procedures.
Besides, with a real mnfg building on the books, easier to get line of credit or debt financing instead of constant PPs. NOT TO MENTION LOOKS BETTER FOR TAKEOVER WHICH WE ALL WANT AND NEED!
SHBP is hard to track down but looks like they had a satellite office in seattle back in 2005 with product lines including SPA Luna, UltraCare Labs and Vivian Woodard Cosmetics in the production cue. Ultracare Labs even today appears to have the same address as Seavan - HMMM. They had a President until 2008 but looks like one of the partners took over to date.
So looks like there is product being produced. We should learn more as time goes on.
Not happy about dilution but looks like a necessity now. If this falls through, what are we left with?? TO's record of blaming everyone else aint too impressive as validated per the many rants and raves of fellow posters - me included.
This is definately going to be strike three or a home run scenario playing out. How much longer can we afford PPs just to pay salaries and option bonuses without pushing forward with the new holy grail product lines.
The Sanitizer business was to provide revenues for this, facts are it hasn't worked thus we REALLY need this manufacturing plant and related product revenues coming in to faster track our future product lines.
