InvestorsHub Logo
icon url

Tim H

05/04/12 12:02 PM

#38166 RE: was GoldenDD #38153

I read the part about money differently. They just sold some shares to raise cash, meaning that they won't need to anymore. I read this PR as an update as to why the A/S was increased. They did this in a very shareholder friendly manner btw.
icon url

OTCNarc

05/04/12 12:14 PM

#38168 RE: was GoldenDD #38153

1. "However currently, Solos has been able to utilize its equity, increase its authorized capital, and has made all the necessary financial arrangements to complete the certification." This would indicate that they have already increased their authorized shares I don't see where you are gathering that they "will be increasing" from this.

2. No time frame was given so it would be interesting to see where you are getting this time frame from??

3. I almost didn't want to post on this because how obvious it is. OF COURSE THEY HAVE HAD MONEY ISSUES THEY HAVE BEEN IN DEBT!! I'm sure everyone understood that from the PR released on 04/25/12 stating they have, "Reduces Liabilities by More than $570,000 ." They have predicted debt free after Q1 so Q1 will only tell if this is true or not. And also," [SOLOS] has made all the necessary financial arrangements to complete the certification." So I take this as a very positive thing wouldn't you????

Having said all this.... A time line would have been nice HAHA.. GLTA!