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DiamondFire

01/13/12 11:39 PM

#15489 RE: grawsha #15485

...well if you have been reading some of the DD, you will see that they are in the process of selling some land/assets that should generate them over a million: so there imo is payment one. BUT payment one could be paid by other monies that we dont yet know about - or by a very healthy Q4 2011, which coupled with a huge Q3 for their Transactional Services of 9.8 million: the money for maybe a couple payments could be there.

The bottom line is that this debt to Brilliant is less then $10 million. It would seem that by the sale of some assests like they said they were going to do, coupled with a growing Transactional Services business, that they could pay it off without raising AS and then diluting further....also kkep in mind that growing business in growing markets with a CEO and Board like ours - makes it easier I am sure to get financing if needed.


...but we shall see, and until we get any concrete info from company: were in the dark - with good guesses though...
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StockBang

01/13/12 11:41 PM

#15490 RE: grawsha #15485

That debt to BD is the ONLY thing holding this down right now. Once that is figured out, this baby is taking off.

The recent warrant to stock conversion did say the debt was partially paid down. I would assume that is he debt that was paid down and that payment could already be taken care of.