Posted On: 01/26/2015 1:41:32 PM
Post# of 44951
$HIPPQ .001 being purchased by SITO Mobile! Huge 8K and news out last week. $HIPPQ is being bought for $4.5 MM and using the OS of 155M and using P/E of 1 (highly unlikely) puts the MINIMUM price per share at .029 per share. >>
SITO Mobile, Ltd. (OTCQB: SITO) @ .30 per share !
SITO Mobile Limited is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, SITO's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty.
http://sitomobile.com/
SITO Mobile, Ltd. (OTCQB: SITO) @ .30 per share !
SITO Mobile Limited is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, SITO's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty.
http://sitomobile.com/
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HIPPQ that the purchase by SITO Mobile sounds like it is pretty much a done deal .. SITO is providing debtor-in-possession financing for s "secured" term loan credit facility of up to $3.4m
Quote:
In conjunction with the Asset Purchase Agreement and the Chapter 11 Case, SITO Mobile has agreed to provide debtor-in-possession financing (the “DIP Financing”) to support the Company’s continued operations during the pendency of the Chapter 11 Case. The DIP Financing is evidenced by a debtor-in-possession promissory note (the “DIP Note”) providing for a secured multiple draw term loan credit facility of up to $3.4 million.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10420426
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