Good idea Headache...I guess it's back to thoroughbreds. Seriously though can anybody come up with any rhyme or reason for the company to make an acquisition right now? First of all we're totally broke and are very far from a line of credit, so the deal would have to involve equity. THAT IS RIDICULOUS. If these guys go past 50 mil shares outsanding I will seriously considering liquidation.
Maybe when the stock price is at $5 - 10 we can talk about using equity for acquisitions, or selling equity for cash transactions. But until then these guys have absolutely got to be kidding. On the surface, that comment from the P.R is TOTALLY OUTRAGEOUS.
I think the company tried this B.S a few years back and failed miserably. They bought the rights to some ridiculous lab product, I forgot the details...check the 10-k if you care. The plan was to generate cash flow to pay for RECAF's development. It was a flop of course.
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