****Response From Joe Lanza****
Chris,
You are better than that comment! Lets go through this 10 month deferment.
Xecom will have to start paying $550,000 a month. Xecom is generating about
that now in spendable cash. If in 10 months Xecom can complete the other
9 bases (which will take Xecom up to 96,000 lines,add 23,000 soldiers, and
sighn up at least 80% of them that will equal $2,310,000 in sales, or about
$1,500,000 in cash flow per month. This will be more than enough to cover
everything at this time.
Were did you get a "couple hundred thousand" soldiers from? 40,000 paying
customers cover every expense that I know about and more. If you take the
last quarter; to cover a 100% of everything, we needed $3,000,000. But,
keep in mind 715,000 was depreciation, so in real expenses, we needed
$2,285,000, or $1,776,000 more. That is less than 23,000 troops, not a
"couple hundred thousand". If Sprint had not turned off people for lack
of pay, we would have been a whole lot closer. Sprint is now working on
turning them back on. Xecom is still working to put on new people.
This refinancing is open ended. We do not need to go to the street for
money, and the foundation is in place. This is a big deal, not smoke and
mirrors, as other people want you to believe. Do you honestly believe that
a financing company would give $30,000 plus, to smoke and Mirrors? This
took Casey months and months to put together!
Joe Lanza
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