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Friday, March 23, 2012 3:58:02 PM
The company also announces today that several high-value acquisitions are currently in progress to expand marketing influence, client accessibility, and additional revenues. Each of these proposed acquisitions leverages the company's proven track record of technical and marketing expertise without reliance on dilution or capital expenditures. The company expects to make several significant announcements prior to the closing of Q2.
According to one site that I looked on capital expenditures are:
Expenses that add to the value or useful life of an item of property also are considered capital expenditures.
http://taxguide.completetax.com/text/Q13_2612.asp
Another site:
Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. This type of outlay is made by companies to maintain or increase the scope of their operations.
http://www.investopedia.com/terms/c/capitalexpenditure.asp#ixzz1pyIufTRM
What can RIGH possibly use that is not a capital expenditure to make these acquisitions? No dilution or capital expenditure according to the PR. So?
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