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Alias Born | 04/18/2010 |
Wednesday, May 01, 2013 11:22:06 PM
"To those on board, a reminder. To those looking in, this is why you should buy at these prices [.29 bid at the time]:
The LOI to acquire EGCT's first company was sent out Friday, April 8. On Tuesday, April 12, EGCT received audited financials from the target acquisition. All that's left now is for the two to negotiate final terms of the acquisition.
This first acquisition is a $65 million a year company, and the deal comes with $11 million in the bank to fund the second acquisition, which is already in advanced stages and which will take place on the heels of the first. The second acquisition is worth $25 to $30 million a year.
So, at this point, we can expect to have acquired two companies worth around $100 million in revenue yearly by early May."
UGH.
All posts are purely my opinion and make no claim to be based in fact. Never sell or trade a security based on anything I say or even imply.
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