Replies to post #110970 on Day Tradexchange Inc. (SYNJ)

[lbdave]

Seems like that question was already answered for you according to this post below, but I'm sure you already read it right?

tallstahl Share Tuesday, September 28, 2010 1:30:22 PM
Re: tallstahl post# 110958 Post # of 110970

take the $592,000 used for escrow + $ 891,215 (cash on hand listed in fins) = 1,483,215 which is about 1.5 mil
(can I get my lawyer fees backstabbed) HA

[beansNrice]

I think Tall did a good job addressing the question earlier but I think it's a good question. Perhaps a little more elaboration is warranted. With close to $600K tied up in litigation for who knows how long (hopefully we get this back sometime) $500K is a substantial amount of the remaining $900K. Especially when you consider that it will take more than that to equip and operate the plant before any revenues come in. That's where the $1M investor comes into play. Hopefully the 20% sale is settled in time to buy Denamis or whatever equipment, feedstock, labor cost and etc. will be needed to get the plant up and running. I suspect that the 20% investor is taking a close interest in the warehouse transaction and may even be part of the negotiations. In any event this is probably going to take some time to all play out so it could be a while before we start quoting Ralph Kramden again. (Although, I think most of his other quotes are funnier than his "to da moon" quote.)