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SFGiants

01/04/08 7:22 PM

#118924 RE: travel489 #118922

look at the last 3 sentences of both the last 8ks

The funds will be used for various business activities, including effectuating an acquisition of 100% of the stock of an undisclosed company that Seaway recently executed letter of intent ("LOI") to acquire. In addition, a certain portion of the funds may be used to assist its recently acquired wholly owned subsidiary, Hacketts, in the transition of WiseBuys stores into Hacketts stores.

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tommy boy

01/04/08 7:32 PM

#118929 RE: travel489 #118922

I read the same thing travel, 4 x 1.5 million deals, looks like the 400,000 is the prepay portion due within 6 months plus 15 days from loan date. I just got back from vacation (vegas+new years!!!) so I have only had about 10 minutes to look through it so far. 6 million, non-floorless, im very intrigued for next week, we shall see.
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Dowboy

01/04/08 8:02 PM

#118947 RE: travel489 #118922

Thanks Travel489, as Kgeezy noted the next acquisition is for 100% of the stock, if the funds are also for current business activities (maybe Phase 1 IMO), would we still have enough funds to make a deal for 100% of GSGF? Or would we be buying a cheaper company? If not, do we sill need more funds and another loan(YA can still buy 60mil shares)(some one posted someting on Wells Fargo)? Or dose the dilution cover this?

Don’t want to put you on the spot and this is not all directed to you

Thanks again for your insight
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PremierStocks

01/04/08 9:14 PM

#118959 RE: travel489 #118922

they dont HAVE to pay for it ALL upfront
future revenues, a percentage etc etc etc...
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ub2

01/05/08 4:05 PM

#119124 RE: travel489 #118922

Ahhh, the fun in reading GREAT THINKING, thank YOU travel489!