RE:RE:RE:RE:QTRH 3 legs acquisition stratigy bigmoe -Share issue is not misleading elating to cash situation of company..The company did have convertible bond is of owing of $ 13,983 and took $ 6,666,666 shares at $ .75 cents. This in no way improved the net equity of company. Transfer of debt and acquiring shares.
The facts of Baylin technologies indicate a cash a current cash flow problem in meeting it current debts. The facts at Sept 30 show the following current financial status :
Total cash and equivalent 14,855 plus A/R 25,693 = 40,548
Total A/P 13,496, Current Term Bank Loan 29,000 plus 4002 other for total of $ 46,493.
Nothing misleading-- Baylin has no working capital to run business and need conversion of debt to shares.
Bottom line I personallyWwould not rescue Baylin from their financial difficulties by Quarterhill purchasing company. we do not need ouir cash to rescue them, let the bond debenture rescue them.
That my take on Baylin. Stay away?.