Replies to post #32459 on Service Team Inc (SVTE)

[nc3]

Excellent informative post. Will wait and see.

[grantastic]

Doubt this supposed "equipment purchase" really happened

We won't know until the next filings.

Even if he did throw $500k into something which shows up on the books as capital improvements, how do we know if it was really used for that purpose and not as another way to throw money at his buddies?

e.g., a used piece of equipment costs $45,000 and $5,000 to install. Bob pays $400,000 to his friend the middleman, and pays $100,000 to another friend the installer.

Naive shareholders likely don't know the actual market value of whatever is installed (even if it is real) So it's hard for them to realize they just gave away $450,000 to Bob's buddies.

The carrot on the stick this time was that Bob used company cash to ACTUALLY make a cash purchase of needed equipment rather than take out a toxic loan.