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katiesdad7

05/18/16 8:33 AM

#33017 RE: SonState #33015

Selling shares is how a company gets capital. That's the whole reason they have them. Sort of like the US Government selling $100 bonds for $50. Same principle.
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dshade

05/18/16 8:48 AM

#33019 RE: SonState #33015

Which of course is nonsense because this CEO would not accept the many financing offers from toxic financing and their associated fees. That is all a start up Pink Sheet will see for offers until a larger revenue stream, such as the one coming in now from Pilot. It is wiser to issue small, restricted amounts at market price for those that sign a NDA and see the numbers therefore are quite happy to do 144s and hold. We saw this with Old Monmouth (who happen to own PEAK and many other petrochemical product lines) and all the other intelligently issued shares that allowed for preservation of cash,which until this quarter, was of paramount importance.

Keeping stupid financing, out of the mix is smart and prudent. Sorry toxic CD supporters and issuers, not gonna happen.
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lighter than AIR

05/18/16 9:45 AM

#33023 RE: SonState #33015

WRONG AGAIN...

That's precisely how a start up company BECOMES viable...by selling treasury stock to finance operations...in lieu of toxic financing through some loan shark operation, which this CEO refuses to do...he's only used his shareholders...which, btw, HE WILL NOT need to do any longer because the money coming in from Pilot is quite sufficient...