NewStream Energy Technologies Group Inc (NSGP)

[asegal1228]

Supposed Archean deal still raising eyebrows imo.


"According to the PR and the 8K, the Archean Group (AG) isn't actually getting shares any time soon. The filing (and news) indicates that AG is getting a "convertible debenture", entitling them to shares at some future time "subject to the availability of authorized capital ..."

WTH?

Very interesting language isn't it? There is something seriously screwy about that. I cannot imagine a serious institution lending money with a contingent clause such as that. It would be like you or me going to the bank and borrowing $100,000 with a promise to pay it back in the future with a contingent clause "if I can afford it." No bank would lend with that kind of language.



I suspect that things aren't quite what they've been presented as. But that is of course standard fare for CCTI."

jmho