GREY:ATIVF - Post by User
Post by
newbie880on Jul 30, 2009 5:01pm
365 Views
Post# 16180069
Hey Warrior...
Hey Warrior...What was that u said about 11.5 cents...and gonna go lower.The support is broken.Next stop 9 cents.Right now the market cap is close to 18 million.Quite a high valuation one might say considering all the assets of the company are up against the 2 million dollar credit facility,these idioits just signed not to long ago.
The principal amount of the loan and any unpaid interest due will be payable at the end of the 12 month term. The Company can prepay the facility at any time for the payment of a fee of 2% of the facility. The facility will be secured against all of the assets of the Company. In addition, the Company has the ability to request a larger facility to accommodate additional purchase orders of the ActiveMine(TM) system.
Wow, 2.2 million,(the credit facility amount) divided by 160 million shares outstanding gives u a valuation of 1.375 cents per share.If this company is worth so much,why would Steve and his boys put all the assets up for a pultry sum of 2.2 million?Must be pretty desperate.Kinda like the people on this board.
give it up......