Replies to post #4906 on Altitude International Inc (ALTD)

[rubicon_jones]

Gr8 minds think alike lol.

Pretty simple evaluation-

Here is where we are-

1) ALTD has a default letter regarding the $15 bridge loan and a letter saying they are negotiating to clear it up.

2) PIP money being spent on upgrading the property.

We have no idea what the final result is

There could be three options-

1) Default occurs and Feexix takes over. They are not going to operate the Academies and the Academies provide up to $1.5 of revenue to the facility

2) Altitude comes current on the note but they have to raise money for that.

3) They come to an agreement where Feenix gets more of the revenues from Hospitality and give Altitude the ability to grow Academy and share in the revenue they create.

IMHO and evaluation I really think the only option is 3. Default is extreme and they both need each other. The guaranteed revenue of the Academies is important, especially during this time of renovation. You read the reviews. The place needs money put into it. It's getting that but why would you turn away $1.5 million of guaranteed revenue during this transition?

But the unknown is a killer right now. We are all in the dark. I will say the fact that $ATLX is doing so well (up to $15 today) bodes well if EF Hutton is still interested in doing the S-1. I have t hat one on watch.