Here you go in black and white.This will be at 50 to 60 minimum near the open.With even 1 or 2 good months you will see 1 or 2 dollars.In fact you may see this at 1.00 dollar by open.
There is no mortage point one.
Second everything is paid for or will be paid for.
Thrid if you REREAD the PR you will see that company still had a few shares to sell.
They wanted to have cash on hand.
With the money presently in the bank, it will be able to pay all debts owed to vendors, and equipment suppliers, and open with enough money to maintain a high level of play. The company also plans to have adequate reserve capital in the bank. Seldom does a company open in this position, and we thought our stockholders would like to know.
The adequate reserve captial translate to we need to sell a few shares still but the majority has been covered.
So not only are they going to open debt free but they are smart enough to have cash on hand just in case.
To me anyway its a smart game plan.
I do the same in my business's always have cash on hand for emergency's and to maintain the business.
If you dont need the cash you just let it sit in the bank.
Peace Out
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