Alan, thanks for your assessment and input. No doubt, this co. like most, if not all, penny stocks is a high risk/potentially high reward venture for it's shareholders. The later being the reason we are here. Unlike many other pennies, I personally believe TFRY is not just smoke and mirrors, but actually have a huge worldwide waiting market for their product. The question seems to be, can they produce the product for that market?
BLUE BELL, Pa.--(BUSINESS WIRE)--Sept. 11, 1996--Edward C. Kelly, president and CEO of Tasty Fries Inc. (OTC:TFRY) announced Wednesday that Tasty Fries Inc. has obtained a commitment for $15 million (U.S. Funds) of lease financing to facilitate the production and leasing of their proprietary French Fry Vending Machine.
Seems to me that the end of that statement "to facilitate the production and leasing" is a big start in satisfying that question. BTW, I assume the leasing will be handled by the company with a portion of this $15MM. To me that means additional assets in the form of leasing contracts, once they are signed, which includes the future income of the interest associated with those lease contracts. At a 10% annual interest rate on those lease contracts, the leases themselves would be little money machines. Monies can then borrowed against those contracts for further co. development. Of course, some if not most of the machines (not sure of the expected ratio) would be purchased outright. Yes, at first, the income and outgo of capital is thin. Therein lies the risk. Can they do it. Im banking on it. |
