Replies to post #7926 on A Clean Slate Inc (DRWN)

[Slojab]

Profitable? I missed that fact. Where was it stated?

How will the acquisition be financed?

Do you think it will close?

[janice shell]

The bought a profitable company....why is this hard to understand? They will acquire more

Acquisitions are not free. They cost money. Or stock. But DRWN is a shell company, and that's a problem because Rule 144 is not available to holders of restricted stock in shells.

That is why a rights agreement is included as part of the private placement subscription agreement. But filing a registration statement with the SEC will also cost money.