GREY:FEVCF - Post by User
Comment by
fatcatson Mar 29, 2009 12:27pm
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Post# 15880017
RE: RE: RE: $600,000 Dedenture NEWS
RE: RE: RE: $600,000 Dedenture NEWSThe rate was listed as 12%. I can understand your concern though I always like to ensure I’m working with conclusive information before acting. At times information on these discussion boards can lead to bad decisions, as it may be inaccurate or even intentionally misleading. We all need to be mindful of that. That being said, the financing seems be well placed and will hopefully allow the company to prove the sales cycle and the business model. Lets hope the company has conserved its cash over the past 8 month so that most of this loan will be available to the company going forward, even though it may have to settle some past debts hopefully no more than (40-50k). We will certainly be able to verify this information with the release of 2 sets of financial statements, covering 6 moths of operating activities, in the next 60 days. If that is the case this could be a great year for FTE if it can establish some sales with real players in the industry. I too have been known to throw some stones when the situation merits it; however, keep on side with this company it has some very realizable upside potential.