GREY:CTMIF - Post by User
Comment by
Franklin66on Feb 28, 2003 8:10pm
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Post# 5909551
RE: What do you really think?
RE: What do you really think?It is not a typical equity financing. It is an avaliable pool of $5M that the Company may draw on. eg. The stock istrading at .20 and the Company draws say $1M (5M shares) and agian at .50 and the Company draws another $1M (2M shares). It's like an equity line of credit. Anyway, that's how I understand it.
Your right, the scooters are not the key to growing the Company. They are a low volume, low margin product. It is products like the wheeled walkers that London Drugs is carrying. High volume, high margin (30% from what I understand) that are going to bring the revenues up to a substantial level. I also understand tha tthere will be an update as to how the walkers are selling in the near future. i believe they are blowing away everyones initial estimates.
It's nice to have an intelligent conversation on these bullboards Ivan, so rare these days. Even if we have differing opinions. Have a great weekend and we'll see what next week brings.
Frank