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Kleangas Energy Technologies, Inc Message Board

  • goldfingrr goldfingrr Mar 6, 2014 7:07 PM Flag

    LOAN - 8k filed

    The loan is for $12 mil in exchange for 21 mil/shares of KGET which is exercisable on or after January 2015. GLTA

    Sentiment: Strong Buy

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    • Why do all of you keep calling this a loan? Its an equity purchase agreement. Thats not a loan. That is dilution.

      • 2 Replies to seanoise
      • aayoung Mar 6, 2014 8:47 PM Flag

        It would be unreasonable not to expect some dilution at this stage of the company. They have no capital and must build some in order to perform the growth plan they are marketing to us. There are also loans being received as well, further down on the same filing, which are also further dilution. Overall though, these investments in the company will make the smaller portion of the pie you now own, much more valuable should the management and corp do the right things with it. As KGET continues to increase and streamline it's process, continued orders will add huge percentages to the valuation of this company, being that it is such a preliminary stage with a preliminary valuation. I suspect we can see a reasonable $.04/share (approx 100 market cap) valuation in the next year if they can actually get at least $3 million a month in revenue coming in. I think three or four contracts, each bringing in about $1 million per month in revenue will get us there, and we already have one in the works. As the foundation of the process is formed and streamlined, adding two or three more orders similar to the current one in process (they say) will be a hurdle that can (and should) be overcome. It all hinges on forming a workable and scalable foundation for the process, and then taking and fulfilling three or four contracts. I bought a couple hundred thousand shares, just to see how it goes. The reality is these loans and "dilution" are a wonderful sign that they provided these private investors enough proof of their order and system that money was invested. It makes me less fearful because someone with bucks has believed the story and probably got more proof than we have so far. If the continue the dilution repeatedly, then we have real cause for increasing concern.

      • gunner342307 Mar 6, 2014 8:13 PM Flag

        do you think that this venture partners would have given anyone 12 million dollars without doing their homework first... this could get very interesting... another basher that doesn't want to buy in this cheap.....

        Sentiment: Hold

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