They are planning on using that money in the next
Post# of 96879
Posted On: 09/20/2015 11:12:06 AM
They are planning on using that money in the next 5-6 months. You and I are talking about timing.
If they are truly spending 45,000,000 at the same pace tyhey are raising it we will be raising the authorized shares in about two weeks.
The COO said that wouldnt happen. If we trust him then they are selling right now until they have enough money for the next 6 months. Therefore - that extra money has to go into the bank.
If they had enough money at the SHM time, then we would not currently be issuing shares.
Get the pain behind us is what I think they are doing - because they will definitely spend millions when we advertize closer to Christmas, and there will be so many other things to do than raise $$$.
You and I are disagreeing about timing issues to be resolved in 6 months.
Other than that I agree with everything you say.
Paul
If they are truly spending 45,000,000 at the same pace tyhey are raising it we will be raising the authorized shares in about two weeks.
The COO said that wouldnt happen. If we trust him then they are selling right now until they have enough money for the next 6 months. Therefore - that extra money has to go into the bank.
If they had enough money at the SHM time, then we would not currently be issuing shares.
Get the pain behind us is what I think they are doing - because they will definitely spend millions when we advertize closer to Christmas, and there will be so many other things to do than raise $$$.
You and I are disagreeing about timing issues to be resolved in 6 months.
Other than that I agree with everything you say.
Paul
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