Replies to post #9328 on Geobio Energy (fka GBOE)

[Sparce]

Yes I am suggesting that. They need to satisfy the debt. What is that debt and how do they intend to satisfy it? With shares?

-----9/10/10 PR Wording----
GeoBio Energy, Inc. (Pink Sheets:GBOE) ("GeoBio") is pleased to announce an agreement in principle to close on the purchase of Magna Energy Services ("Magna"). GeoBio is planning to complete the transaction on or about September 15, 2010. After closing, satisfaction of certain debt obligations will be required. At closing, Magna will become part of GeoBio's operations - adding strong revenues and profits to GeoBio.

---10/5/10 PR Wording---
GeoBio Energy, Inc. (Pink Sheets:GBOE) ("GeoBio") is pleased to announce the closing of the purchase of Magna Energy Services, LLC ("Magna"). The transaction closed on October 5, 2010. Satisfaction of certain post-closing debt obligations will be required. As of the closing, Magna becomes a part of GeoBio's operations - adding strong revenue growth (30% CAGR) and profitability (38% EBITDA) to GeoBio.


It's not like they are not telling us!