DH do you hear that sound it is the sound of everyone on this board wanting you just to fade way and don't look back. In about three years I will say hello to you as you are parking my BMW at the club.
Point is not mute. Its about raising capital, and using that capital for growing the business. If obtaining an LOC is still difficult or interest rates are non conducive then selling some shares to an investor with a stike price of .025 damn well is.
2Q conference call Frank said he had placed and would use LOC's from Chinese banks to fund inventory purchases for the business-He very well might be doing that-We will know after Q3 numbers are posted-Crystalballz pointed out that the new shares issued on August 12 were converted preferred shares, not a legally new issuance of shares, but still troubling in that O/S continue to climb-
I was just explaining why companies get LOCs regardless whether it was from a bank or not, that was all. Second where in that whole post did I say that CFSC acquired a LOC?? no where so be quiet before you open your mouth next time and instead open your eyes.
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