Replies to post #1077 on Wireless Age Communications, Inc. (fka WLSA)

[D theG]

That is correct, as I mentioned in my last post 200K to 400K depending on the project. I have been assured by JS there will be cash on hand to take care of start up costs and if anything there will be less shares in the float after NLI pays back their debt to us, which will be very soon.

D

[EDWARD STEVENSON]

So unless they have the cash in hand now, then they will have to raise it somehow. I am concerned about any further dilution, potentially massive dilution, to cover upfront costs.

As was mentioned the company does have cash on hand. Would you kindly state the date when last the company issued shares in the market? The issued and outstanding share count (61,261,592) has not changed since I came across Wireless Age Communications, Inc. nearly three months back.

The issued and outstanding is also to be reduced to by >30M shares shortly. Europlasma will be financing the Port Hope, Ontario project with their own equity.


I would be far less concerned if they were to borrow the money from a bank, etc. since that doe not affect share equity directly.

Whether an institution, Canadian or American Bank, Simmonds has made it clear that several parties are interested in financing the Connecticut project.