Replies to post #13748 on Charlestowne Premium Beverages Inc. (FPWM)

[mvnalmn2]

I say post #13551 probably still applies. eom

[mvnalmn2]

The Share issue approval is already done.
That's what the 176 million share lien by Cornell is all about.

Remember, Cornell technically extended a line of credit for 5 million. PTI has basically drawn on 1.4 million of that......

so.........if PTI needs more money............mgt just "sells"
more shares to Cornell...............and the share wind up on the market over time, over time, over time, endlessly.

So Trainz, you are probably correct. THAT is what the market is smelling: More delays of some type. More dilution.

No revenue.

Prove me wrong BJ. PLEASE.

[otterman]

By more shares, are you suggesting they draw on more financing from Cornell or go the more traditional route (which Cornell may have terms and conditions against anyway so why am I even asking but hey since I already wrote here it is).