Western Wind Energy Corp V.WND

Oxymoronic and telling...

[cutthebsbud]

jeffypop claims summin like WND "is strongly cash flow positive" (around 6:00 min mark) and then in the next breadth states that to make up for any cash grant shortfall and debt reduction needs and  will be made up with a non-recourse  $25M 10 year holdco loan with interest about half of current corporat loans (or summin very close to that)

 

.. so why does a supposedly strongly cash flow positive company take on $25M in debt... hmmm skating on a pool of mud maybe..

 

.. kinda like rainyday claiming how great EBITDA will be which conveniently excludes Interest which could be greater than all other expenses combined..

 

.. anyways jeffypop keeps me laughing, just wish the price were higher

.. and these types of thingys, missed deadlines (Yabawhooa is now pushed back for how many months and how many times has this happened), SIBS and the like that never came true, statements of... that never came true.. IMO it suggest a disconnect

[impega]

Much of the cash flow is restricted cash under project loan agreements. But you knew that didn't you bsbud? Well didn't you?

[cutthebsbud]

chimp posted this >Much of the cash flow is restricted cash under project loan agreements. But you knew that didn't you bsbud? Well didn't you?> well chimp let me tell you, i only started posting on the MB because the WABS being spewed here was astonishing and much of it related to creeps  and SIPS who either couldn't read and understand financials or were posting

[impega]

Bsbud you claim to be here to engage in intellectual discussion but clearly you are unwilling or unable to do so. One more time for you. The book value of the company increased by $78 million upon receipt of the grant. I guess you think it is stupid because you don't know what book value is. Maybe do some research before posting next time bud.

[cutthebsbud]

chimp posted this: <> actually no not really although that would be nice, i starting posting to correct all the WABS financial nutiness the creeps and SIPS were posting. <<One more time for you. The book value of the company increased by $78 million upon receipt of the grant. I guess you think it is stupid because you don't know what book value is. Maybe do some

[CanackShack]

This post has been removed in accordance with Community Policy

[impega]

Bsbud I see where you are mixed up. You are mixing up balance sheet items and income statement items. $78 million ($1.25 a share is immediately added to the book value which you will find on the balance sheet). Now moving to the income statement. The reduced debt will reduce interest payments, thus improve eps. Improved earnings will improve the balance sheet going forward on top of the immediate

[CanackShack]

This post has been removed in accordance with Community Policy

[mcarter4]

chimp and i finally figured out where you are mixed up, your sense of stock valuation seems based on accounting or bookkeeping techniques and well when post about stock valuation then folks who know more than folks like you post about stock valuation techniques. .. keep researching the internet on stock valuation and you may get it (or not).

[cutthebsbud]

time for me to almost pat the outed perv drunken tard CanackShack on the head but not quite as he is still fraud posting: <> << this is directly from WND most recent Q report (Page 11 i believe) < The Company signed a financing agreement with Rabobank to finance the Windstar project for up to $55,000,000 in the form of a letter of credit (“LC”). Interest on amounts drawn from the LC