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Rawnoc

03/04/04 10:54 AM

#49100 RE: Naztrader #49037

Naz, breaking ground = this month or next.


After your longwinded post is done.....


We're left with a penny stock that secured a $61 million loan at 7% interest and has to come up with $25 million and already stated they aren't looking for investors.


If you can't see how that will be a piece of cake...... then I can't help you.


The terms of a $25 million loan/dilution/financing are your client's worries - not the worries of VEII shareholders of a $30 million market cap company expected to have EBITDA of twice that.


True, we don't know for sure anything. At 80 cents, I like the odds that $25 million will be secured by a company claiming to not need any investors and already secured $61 million at 7% interest - it's not the first time a very hopeful business plan secured money without anything to liquidate.


Raw