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Aster Acquisition Corp C.ATR


Primary Symbol: V.ATR.P

Aster Acquisition Corp. is a Canada-based capital pool company (CPC). The Company’s principal business is the identification and evaluation of assets, properties or businesses with a view to acquire or participate therein subject, in certain cases, to shareholder approval and acceptance by the TSX-V. The Company plans to search for suitable assets or businesses to acquire or merge with in order to maximize value for shareholders. The Company has no operations and revenues.


TSXV:ATR.P - Post by User

Post by NineLiveson Jan 28, 2005 2:22pm
91 Views
Post# 8504718

Some financial points

Some financial pointsFrom last Qtr statement// Debt was 2,025 million, a revolving demand loan at prime + 3/4 (standard rate). In November the firm raised $855,000 (which is almost half the debt owed). At the end of September they had $167,000 in cash. JMHO if growth continues then repayment of portions of credit will pose no problems. With interest rates static then no increase in interest expense. It's a fledgling firm & most start off with debt, having the owners hold so many shares adds confidence to my investment but programs change, so until Q4 is released it will be hard to gauge current growth rate. Please follow your own research.
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