One of the many things that made the 40 million in 8 quarterly tranche's deal along with the rs such a great thing for the company is not only did it fix the share structure and enable expansion for another two years minimum but it was also a "see ya wouldn't wanna be ya" to the "dominions and the magna's" predatory lending practices common for otc lenders. I've posted this a few times but I'm not sure the board remembers so I'll quote it below. Much much better rates and terms, still not on par with a legal biz but definitely much much better.
8 quarterly tranches of 5 million each
"...So that 40 million is coming in eight tranches of five million bucks each quarter over the next 24 months. And one the main reasons we did that we scoped out what our growth and Capex requirements are over the next two years. And we may move those timelines around a little bit..."
"...the capital raise essentially provided the company with enough growth capital to execute on the business model over the next 24 months. We believe these steps will fuel the growth of the company and help create value for shareholders..."
seems to be a major upgrade from dominion and magna. There in 26 countries and I noticed that global alliance has a partner in NY and one in San Fran specializing in "mergers & acquisitions / corporate advisory"
Mmmm...I guess you did not read the last money pit report on (loss) earnings...lets see, 12.6 million lost in that quarter alone, paying 20,000 for an empty space for 2 years, COGS go up faster than earnings, oh year and a big debt payment due that will be paid in new stock. Now repeat each quarter for about 2 more years into backruptcy while dp rides his new car to his new house into the sunset and you all stay here posting WTF??? Too easy, too funny.
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