well this is awkward. let me take a moment to explain how investments work and maybe i can clear all this up for you. i'll use an investment portfolio as an example. if i have $1,000 in powder or available cash, that would show as cash in my account. let's say i invest that grand into what i believe is a strong company with hopes for a return. that is called an investment. if i had to report my financial situation quarterly, my $1,000 is now no longer listed as cash in my balance sheet but as an asset. it can be easy to mix up those columns. i can see the misunderstanding. this is precisely what CGRA has done. they took whatever available powder they had and used that towards investments into promising properties that should create nice returns. historically, this is how an investment is supposed to work. put up cash, meaning you have less on hand but more working for you. now they did not have enough initial cash, hence the promissory notes and purchases with preferred stock. all these moves are not anywhere near out of the ordinary for a growing company. as for these balloon payments, i am positive that the company and their legal counsel would not have agreed to such a standard-type contract if they didn't already know that the money for this is right there in the ground. oh and in closing, i still have not seen any dilution to fund the companies current operations. and even if they had to in the light of an emergency, the float is still 75 million a/o dec. 31st. as stated before, i am in no way concerned about anything i see here. all imho.
cometa.
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