Sounds like we are back at square one. No deals, no verifiable assets thanks to the confusion surrounding the Broad Cove. I do have to agree with the AOL people, if they can't find a bank that will loan them money, then they don't have near what they say they do. If I had $20 million in land, I bet any bank I chose would give me a million dollar loan against that land.
In many stocks I have been involved with in the past, one defining moment for the stock is usually the kind of loans they can get, and who the loans come from. These loans are a way to judge the quality of your company, assuming bankers have a better idea of the company's finances. Obviously VIKG is severely lacking. If the Julion site was going to be profitable, wouldn't some bank step up and loan VIKG the money to get it going? Perhaps it is a credit problem. With VIKG's CFO having started 100 other failed companies, perhaps the banks are just going by the odds here.
Well, I am not going to sell out at this price, which means I may be a stock holder for quite some time. There is still a chance that Kuhr will pull off some miracle and actually close a deal, but I am not holding my breath. Perhaps he will have an attack on conscience and come clean to his shareholders. How much does it cost to have a telecon? They could just release another 10,000 shares to pay for it. Of course, I should be careful what I wish for, finding out the truth might be worse than my imagination.
Oh well... I guess this means we are looking at another 8-12 months ( the length of time that it took for this deal to fall through) before we find out about how this restructing of the deal will work out.
Barkley |
