Here you go: unless I am reading this wrong, which talks about the registered offering from the S1.
That's 40 million, and then if we can get--we believe the investment bank will raise additional capital to that. We get those monies in, then I start turning
on... we go from the pieces of the companies that we acquire with little or no money--which is pretty amazing--to actually putting those resources--money resources--into those very businesses to build huge value. And to build a full- on enterprise--we can't do that without money, and it's amazing what we've done with not a lot of money.
So, we've acquired the pieces, we're now going to raise the money next year-- like I said all along, to get that going concern off, which is one more piece in NASDAQ listing prong, getting that going concern off. And then putting those dollars into those pieces that we've acquired to build a very, very large enterprise.
So, it's sold out. And you can't build it without money and raising the kind of money from a registered offering is the only way to go.
Allen: So, the 40 million that you speak about, is that from funds that have committed to participate in this offering? I'm not really sure about that 40
million pieces of it.
Joe: We have definitive documents for $40 million in equity. That will give us enough capital over the next two or three years to build everything we need.
We're not going to stop there--the goal is 70, we believe we can get there. I would like to see the share price go up a little bit more.
But I will say we will file the S-1 immediately--hopefully, by the end of next week. And then we can add to it if we're able to get one of the other interested funds that requires the S-1 to be filed to invest.
That's 40 million, and then if we can get--we believe the investment bank will raise additional capital to that. We get those monies in, then I start turning
on... we go from the pieces of the companies that we acquire with little or no money--which is pretty amazing--to actually putting those resources--money resources--into those very businesses to build huge value. And to build a full- on enterprise--we can't do that without money, and it's amazing what we've done with not a lot of money.
So, we've acquired the pieces, we're now going to raise the money next year-- like I said all along, to get that going concern off, which is one more piece in NASDAQ listing prong, getting that going concern off. And then putting those dollars into those pieces that we've acquired to build a very, very large enterprise.
So, it's sold out. And you can't build it without money and raising the kind of money from a registered offering is the only way to go.
Allen: So, the 40 million that you speak about, is that from funds that have committed to participate in this offering? I'm not really sure about that 40
million pieces of it.
Joe: We have definitive documents for $40 million in equity. That will give us enough capital over the next two or three years to build everything we need.
We're not going to stop there--the goal is 70, we believe we can get there. I would like to see the share price go up a little bit more.
But I will say we will file the S-1 immediately--hopefully, by the end of next week. And then we can add to it if we're able to get one of the other interested funds that requires the S-1 to be filed to invest.
