big loan agreement with agriculture bank of China not the other one. Agriculture Bank of China is probably top 10 Bank in the World- Yea they are in on the fraud too- ha give me a break
so if its a fraud why is the seller getting paid 90 million. Why does have loan agreement with China Construction Bank,which is a state owned Bank. Why would the Banks give them the money so they can just lose money 60million. CALI said it will be funded by this not dilution.
did't they just raise money for them at 2.85$-conflict of interest ha?
What kills Acfn is the layer of expenses. You have the individual company expense on top of that you have a huge corporate expense. This is why acfn burns money hand over fist. Its stupid and this is why when they raise money they made them cut corporate expenses by 35% to even get a deal done at 2:85$. They should just get rid of corporate expenses all together because its waste of millions of bucks every year,
Greenside- what price does CLRX raise money- Usually big discount so what 3$? thats good news? Company does 200k in sales with no ramp in the next 6-12 months.
Greenside stop pumping the stock. Here is a thought-when they do a massive dilutive pipe deals at 2.75$ with pipe players you can spin its great news to you clown.
Well the pricing of the deal tells you how bad of shape the company is in- Bad pricing and they couldn't even do the full offering. Longs are in denial.
Also- insider buying makes zero sense. The ceo of thornburg Co bought about 1mill shares at 10$- 6 months later it was bankrupt- the same with CEO of tyco at 30$ before it blew up. Like in life their is smart insiders and insiders that are not.
Also if USSI is so big why don't they just do a private placement privately on that company. Sell 20% of the company to venture capital: the reason is they can't get a good value on it and/or even if they raise money independently they would still need cash for rest of the companies? imo. Just think if USSI was worth 100mill they could sell 20% of the company and raise 20mill and fund USSI for a longtime. Its not.
Yes but do you see them generating any cash flow in the next year or exit strategy- I don't. So within a year unless they sell an asset they will probably raise money. Like this deal they don't wait to last minute of cash to raise money. They raise money usually 6-9 months before they run out of cash.