Replies to post #7097 on Strat Petroleum Ltd (SPRL)

[TraderRich]

lasernat: Please be sure to follow up that post here as I'm sure many would be interested to know your findings.

Rich

[IHDR]

SPRL's CEO (Sam Hyams) has been more than responsible with financing, keeping dilution to a bare minimum and now that SPRL is a revenue producing company, you'd better believe cash will be reinvested in equipment for new sites. Sam refuses to entertain dilutive financing with the likes of Cornell, etc.

[DigitalTradz]

From what is in the last 2 PR's it looks like the initial money was from Strat Nafta Ufa and any financing over that amount could be collateralized against future revenues. I'm not saying that additional shares could not be issued, but loans against a proven technology and future revenues seems the most likely to me.

[greenbullz]

your answer was in the Oct PR:

" intent to form a joint venture with a private European entity to begin processing of the oil sludge reservoirs acquired by its subsidiary Strat Nafta Ufa (SNU) in the Republic of Bashkorstan.



The agreements, currently being completed, will provide the first stage of financing required to establish between two and three units to process significant quantities of sludge on a daily basis. Although all agreements have yet to be completed, financing for the first unit has already been provided and mutual commitments have begun"

IMO the first unit is what we have producing right now, the other two units that the agreements "yet to be completed" (which may now be completed) will be payed from the J/V.

[abbam]

not sure what your question is.
but you understand what a jv is.
strat doesn't need to put up the money for the equipment