SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?


To: buckshot who wrote (3619)4/15/1998 11:23:00 AM
From: Milk  Read Replies (3) | Respond to of 6654
 
Buckshot,

Here you go:

500,000 cash will be used toward the 1st acquisition. Other acquisition candidates have been selected as well. The merger is expected to come out of the gate profitable. WOTD folks know what they are doing, and are not concerned with this (short-term) drop in price, they are confident they can get listed on Nasdaq.

I asked what if they start issuing shares right away (up to 50M) further diluting the stock, he said of course some stock will be issued to the parties involved (shop owners, etc), but the acquisitions will be made with "some cash/some stock" (not stock alone), he also said WOTD folks have secured commitments to help finance further deals.

Regards,

Milk