Kontrol Technologies Corp N.KNR

lol... prospectus

[CTM1967]

on the other forum they are having a bit of a cow about the prospectus....

this was anounced in december for the sale of up to 20mil in debt securitys when capital is needed for an acuisition or operating capital for whatever

there is no price set for the offering because they are not doing it right now and it doesent mean that they will float all 20mill units at once or ever it just gives Ghezzhole the flexibility to raise cash at any time quickly if he needs to as they have already filed all the neccessary paperwork.

this is old news they are just crossing the T's and dotting the i's and making it official there is no intention at this time to use any of this to raise cash .....not that we know of it even says so in the prospectus that they currently have no new acuisitition targets.

[CTM1967]

FYI:  USE OF PROCEEDS The Corporation’s current intended use of proceeds are for: (a) capital expenditures; and (b) working capital; and (c) general corporate purposes. The proposed capital expenditures include, supporting the Corporation’s ongoing research and development efforts. Based on the Corporation’s working capital, as of the Annual Financial Statements, together with the expected