Posted On: 05/09/2014 8:15:00 AM
Post# of 93
Re: TheMadPaddler #74
Partially agree with you. (with regards to the S/S)
They did increase the S/S a few months ago as a necessity to convert the notes that we're lent to them earlier in 2013 that had come to the conversion date.
Since then the original statements to increases the A/S have been rescinded (last time I checked, about 1 1/2 weeks ago on the Delaware gov. website, the A/S was still at 5 billion). As long as they get the financing for their business plan, which I believe they already are working on as per the PR put out by SMWR a couple weeks ago that was rescinded, I don't believe they need to increases the A/S much, maybe a little for future acquisitions.
IMHO,
Nate
PS. From what I understand from the conversations I've had with Jessica Vance of Suzie Q's, PMCM is invested in Suzie Q's (as their PR stated regarding funding the Aurora property updates) but the acquisition deal will be finalized after the upgrades are done and the Tier 1 Production license is granted to Puget Power LLC. As per the Suzie Q's blog, the original updates to the property are completed, inspector has been in with a few more things for them to upgrade such as wheel chair facilities, and their final upgrades started two days ago.
http://mysuzieqblog.blogspot.ca/
They did increase the S/S a few months ago as a necessity to convert the notes that we're lent to them earlier in 2013 that had come to the conversion date.
Since then the original statements to increases the A/S have been rescinded (last time I checked, about 1 1/2 weeks ago on the Delaware gov. website, the A/S was still at 5 billion). As long as they get the financing for their business plan, which I believe they already are working on as per the PR put out by SMWR a couple weeks ago that was rescinded, I don't believe they need to increases the A/S much, maybe a little for future acquisitions.
IMHO,
Nate
PS. From what I understand from the conversations I've had with Jessica Vance of Suzie Q's, PMCM is invested in Suzie Q's (as their PR stated regarding funding the Aurora property updates) but the acquisition deal will be finalized after the upgrades are done and the Tier 1 Production license is granted to Puget Power LLC. As per the Suzie Q's blog, the original updates to the property are completed, inspector has been in with a few more things for them to upgrade such as wheel chair facilities, and their final upgrades started two days ago.
http://mysuzieqblog.blogspot.ca/
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