I think there are about 19,000,000 (estimated) shares in the Float. Scott owns most of the rest. Could be a really good idea to do a 10:1 Forward Split, bringing the total outstanding to 460,000,000 million and about a 190,000,000 share PUBLIC FLOAT.
In order to do a 10:1, they would have to increase the AUTHORIZED SHARES from 250,000,000 to at least 500,000,000. I would think they would want to go ahead and give themselves some extra room and go to 750.0 million or greater of “Authorized Shares”, as they will need them when the time comes to raise some capital for expansion.
However, a 5:1 Forward Split would not require a change in the Authorized Shares at this time.
In addition, I think that once the stocks gets higher in price, McAlister will do a small SECONDARY OFFERING, minimal healthy dilution, to raise some capital. I think they should do about 20% dilution, around 9.0 million shares, once the stock hits a buck.
Having $9.0 million in cash would allow $CSUI to pick up other income producing, positive cash flow properties, and use the cash to make the 5-10% down payments and finance the rest.
Based on those numbers at 10% down payment on any new property, $9.0 million in cash from the secondary offering, would allow for $CSUI to purchase another $70.0 to $90.0 million dollars worth of income producing properties. That’s in addition to the properties already owned by Scott which we all hope and expect to soon be under the roof of $CSUI.
For now we’re looking for a name and ticker change, material event news and UPDATES to the OTCMARKETS.COM page. We’re also looking to see all of McAlister’s properties make their way over into the Publicly Traded Company, totally BEEFING UP THE $CSUI BALANCE SHEET and INCOME STATEMENTS.
Yes, Hokie said it, “These guys are doing it RIGHT”!!!
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