InvestorsHub Logo
icon url

The Cheap Investor

01/18/20 4:34 PM

#28941 RE: joep1 #28938

You're one of the good guys so I want to tell you the latest information I have. ABCO has finished a large commercial project and has received a partial payment. When they receive the final payment, they will have a PR. The first acquisition was not financed by a bank loan; it was financed by a private investor. There will be another large contract PR in the near future, I just don't know when. I believe the old CEO got fired because of the many mistakes he made, mainly reverse splits, toxic loans and increasing the authorized shares. There is a second acquisition just waiting to be acquired if they can get the financing for it. I truly hope that if they cannot finance the acquisition through a conventional loan or a private investor, they should pass on it because the last thing investors need is more toxic loans. Hopefully if that happens they can terminate their loan agreement with Oasis and reduce their authorized shares. Because there are many good people on the board, if I have anything substantial to contribute I will post it.