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Re: joecanouse post# 233276

Wednesday, 05/04/2011 2:48:45 PM

Wednesday, May 04, 2011 2:48:45 PM

Post# of 375420
Joe, that they did not offer you any money does not surprise me. Centa is very small business and your debt is quite large in comparison. As to the legal bills, can't comment on that as I don't know.

As to finances, I harbor no illusion that centa is sitting on millions or even hundreds of thousands of dollars. While it may be profitable, based on accounts of someone who had been there, most of the cash flow has been reinvested in the business (studio's, technology, etc.).

Joe, one of the reasons I understand your position is that after 25 years of investment banking and a stint as a CFO of TSX-V company, I now do something similar to you (IR, Capital Raising & M&A)only for TSX-V mining companies where the market is highly regulated (i.e fully reporting, no debt wraps, secret stock issuances, etc.).
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