GREY:SFMGF - Post by User
Comment by
OnTheIceon Sep 30, 2013 9:32pm
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Post# 21779900
RE:RE:RE:RE:Sofame just needs a chance to show good performance
RE:RE:RE:RE:Sofame just needs a chance to show good performance"With Respect"
As per all of my previous thoughts.Simply "With Respect"
Private Placement---finally closed. Outstanding debt from this company must always be considered and while some companies would allow "past due" to remain stagnant.....others I will assume do/will not.
3,000,000 LOC/Financing/ETC--the money must come with a cost. The money must be paid back. Interest on money will be due (one would assume). A loan or financing typically comes with security to cover the loan. At a normal 3-5X assetts....$15-20,000,000.00 of assetts. Hmmmmm....
The closing of the private placement is great news as I would imagine it has stalled outstanding payments to companies that are owed/deserved compensation.
Point to Ponder---when one is in the tundra or on a mountain of ICE, and looking for global solutions, often they can be found in looking at a process and coming up with a great solutions.
Focussing on Sellers--you provide an interesting "perspective". True a look at who is buying can certainly be interesting, but, wouldn't you have to ponder why the 1.X million shares traded at the majority of $0.015 with a quick "kicker" at $0.02? If there were little to no on the ask.....I would be looking from the same perspective.
It was mentioned in an earlier post to me (apologize in responding late but business must take priority) in regards to sales pipelines etc. I concur completely in regards to the sales pipeline both past, present & future. I shall further provide explanation later.
The NEW regulations that just hit the fracking market.....oh boy! A new day and a whole mess of problems for some. An industry it was mentioned this company was interested in.
It was EXCITING to see the run of Friday....I am on record as saying I had hoped it would hold....I was saddened to see the Bids--The Ask---and the share price at close today.
This company certainly had/have/continue the potential to clean up their past debt and start to cautiously and SLOWLY look at new markets and opportunities.
$3,000,000.00 by the end of September wasn't it? Today is the last day of September. October brings the LAST QUARTER to most business in which they tend to make their business decisions.
The Company is great.
The products are great.
The employees are great.
Do NOT change a thing.
(Crunchy) Ice.