Here is the math on what I think ALTS will do:
Current shares: 9,615,000
Suit Settled: 2,403,750
New Shares: 7,844,250 @ $1.00 <---- Cash Raised
TOTAL: 19,230,000 Outstanding Shares
Cash will be used to acquire/merge a small VAR they have their eyes on, pay down some burdensome short-term debts, pay some severance, and fuel general operating funds (mainly for promo/marketing.)
The company will then, although it may not be the intent, become a very good acquisition candidate with a renewed possibility of being relisted on NASDAQ.
-JH |
