Aluf Holdings Inc (AHIX)

[Maria56]

Teresa McWilliams says,

We have begun to draft our Form S-1 and will formally file the document upon completion and acceptance of the audit. Declaration of effectiveness of the Form S-1 by the Securities and Exchange Commission, will allow WAFR to draw upon the $10M in equity financing that we previously announced. With these available funds, we can build additional trucking capacity for Northeast Expedite Logistics and increase sales operations within Core Wafer Systems, domestically and internationally.

But wait! Why would Corewafer Industries even need $10 million in equity financing? The pro forma revenue projections for Core Wafer Systems were $14 million for 2012. $14 million isn't enough? Or, is the real problem the fact that the only revenue announced for CWS in the past six months was the $120,000 in consulting fees from MDT?

How much can APII/WAFR expect to collect from this equity financing anyway?

Well, even if they could sell EVERY one of the current 200,000,000 authorized shares, at .0375/share, that's only $7.5 million.

Of course, there's always dilution. I can almost hear Teresa saying, "Don't worry. We'll make more!" LOL.