Monday, November 28, 2011 11:24:15 AM
$SEEK purchased a profitable company in a way that immediately adds to its bottom line without diluting shareholders:
TAMPA, FL--(Marketwire -11/28/11)- TheDirectory.com, Inc. (Pinksheets: SEEK.PK - News) today announced that it has acquired the website www.BusinessList.com in a cash and debt transaction, no common or preferred shares were issued.
TheDirectory.com Founder and CEO Scott Gallagher commented, "... Additionally the acquisition is immediately accretive to earnings and opens several new revenue channels for us."
http://finance.yahoo.com/news/TheDirectory-com-Acquires-iw-713388011.html?x=0
The news should also tell you that $SEEK has sufficient anticipated future revenue to make such an acquisition. Next news: Eight consecutive month of profit.
If the TA is gagged you can bet it's not in the shareholders best interest.
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