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Tuesday, June 14, 2011 1:46:19 PM
1. No dilution-They are using cash to buy companies :The agreed purchase price for the assets is $1 million in cash with a further $250,000 at closing with the remaining balance spread over 14 months from closing.
2. 160M O/S,OTCQB
3.Read this part of the PR:
Vincent Browne, Chairman and Chief Executive of Flint Telecom Group, said, "This continues our stated acquisition strategy to achieve our target of ten acquisitions this year, creating a highly profitable business unit delivering integrated voice, data and wireless services to small and medium sized enterprises with profitable annual revenues in excess of $20 million. This deal comes on the back of our first Form-S1 filing, in conjunction with our Kodiak Capital equity line, being made effective. With that milestone achieved, we can now show prospective acquisitions and customers that we have access to sufficient capital over the next two years to fund operations and strengthen our balance sheet. It will also free up management resources to concentrate on completing this and previously announced letters of intent that have been delayed due to the current Form-S1 filing process." Flint Telecom Group, Inc. (FLTT) Stock
4. last 10Q-great numbers:Three Months Ended
March 31:
TOTAL ASSETS- $ 9,250,549,VS 500K CAP
Revenues $ 3,779,682 Net cash provided by financing activities $ 837,481
5.1801% GROWH PER DELOITTE :
"Flint Telecom ranked number 72 on Technology Fast 500TM, Deloitte's ranking of 500 of the fastest growing technology media, telecommunications, life sciences and clean technology companies in North America" PAGE NO 6.-
http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/TMT_us_tmt/us_tmt_2010%20Technology%20Fast%20500%20Winners%20Brochure_191010.pdf
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
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