45,000,000 shares in 3 days. I wonder where they came from?
Possibly the 10,000,000 shares recently issued to Peter N. Hobbs, the operations manager for the Council Bluffs operations.
Possibly the 2,352,941 shares issued to Raabe and Boethling for six months of management fee. Or the $1500 monthly office allowance that each receives plus out of pocket expenses Cash? More Stock?
Possibly the 20,000,000 shares issued to Raabe as an incentive for assuming management control?
Possibly the 30,000,000 shares issued to Agression Sports for acquisition capital. This sounds like it must be made liquid soon. Travis must also infuse $100,000 cash into Agression in the next six months. Where will this cash come from? An interesting part of this deal is that 1,250,000 shares of Agression will be issued to Boulder Sports which is a company controlled by Raabe.
On top of all this, Raabe and Boethling will be paid a transaction fee for acquisitions and financings based to the Lehman formula. This url details this formula.
finderscom.com
I've seen problems with this type of arrangement. Why pay $10m for an acquisition when a $20m price tag will put more money in your pocket.
All things considered. I think all the buyers from the past 3 days should get a hand written thank you note from Mr. Raabe.
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