InvestorsHub Logo
icon url

sashex001

06/02/10 1:42 AM

#2791 RE: octagramt #2790

Considering that they have a history of repaying debt through loan payments taken from profits (refer back to facility mortgage repayment), I'd say they are working on a loan.

There is no way they'd be able to get share convertible financing considering the historic volume. However, as slim as the possibility of dilution would be it is always prudent to keep an eye on the chart.
icon url

EdF

06/07/10 12:47 PM

#2820 RE: octagramt #2790

They explained how they were going to raise funds in their last 10K:

"Currently, we are developing a site plan for the research park including survey, engineering and design. The progress of the site plan is contingent on the Company's ability to fund our building plan from operating profits and cash flow. At the conclusion of the site plan, we plan to raise additional capital by offering shares to finance the building construction of the research park."