Post by
Larry60 on Nov 26, 2024 4:58pm
Financials
The $900k from the PP is gone. Still $300k left in cash as they BORROWED $275,000
2 things stand out:
1) the $300k doesn not show up as being received. Fine, Cunninghsam must have paid it afte the deadline,
2) The $300k deposit was owing, as it was not paid by Sept 30, and should have been a receivable ,
3) In the circular, AMK says they have incurred $2.5 million in costs that, in theory, will be paid by the buyer as they will be taking over AMK. None, or virtually none, of those expenses show up in the financials. Granted, alot fo those costs may have been incurred in oct/nov, but still, a few hundred k at a min must have been spent by Sept 30???? Maybe not. Maybe the vote was delayed a month cuz AMK had no $$$$$$ as the deposit was only paid in Oct?
If Cunninghsam does NOT cough up the $210 million tomorrow, expect to see a financing to cover off at least 1/2 of the $2.5 million in the near future.....................
all imho
Comment by
curtis111 on Nov 26, 2024 5:14pm
Well, if I'm wrong I will publicly apologize to Larry... Don't think I am but time will tell!
Comment by
Larry60 on Nov 26, 2024 5:43pm
9lives doesnt know who curtis is talking to, so he writes a long rambling post???? PS 9lives, still only 47 million shares traded since June 6............that conspiracy theory of yours of someone trying to buy up 1/3 to nix the deal makes no sense.
Comment by
Larry60 on Nov 26, 2024 5:40pm
Im on the same page curtis111 unfortunately, the apology (yours or mine) will likely be delayed due to what I suspect will be more spinning and delays. But the day, if it comes, that they pay the 43 cents for ALL the shares in CASH I'll be the first to say I was wrong and congratulate everyone............