To: VINCENT MALGAPO who wrote (599 ) 7/8/1998 12:36:00 PM From: workingclassman9 Read Replies (1) | Respond to of 1072
Posted by Lucky 43 on July 08, 1998 at 09:26:06: I have just spoken to one of our reliable sources to get an update on the MISM financing.We have learned that approval has been given by two lending institutions,one US based Lending Institution and a Major Canadian Bank for 16 million dollars.Both are just in the final stages of waiting for a" LETTER OF CREDIT" which has been approved for the total of 16 million dollars.The Company is now seeking the best financing terms available, before making the final decision on which Lending Institution to proceed with at this time. Also,please remember the complexity of trying to put these deals together and bringing everyone to the table at the same time.There is the 2 Major Pretzel Deals and the acquisition of the automotive chain stores from a large Fortune 500 Company MISM is also seeking other acquisitions in addition ,which cannot be named at this time. Please be patient,but we see it as a buying opportunity based on the information which we have beeb able to validate for our Subscribers of the GMT Newsletter. This Company will complete the deals ,as I have been assured by the Lender.MISM goes from revenues of 1 million dollars per year to a minimum of 20 million dollars in revenue per annum. Don't you think this stock is worth more than 18 cents??It is not a question as to if,the exact day when all of these deals close,is something which all parties to these deals are working around the clock to complete,I think it is a real vote of Confidence for the Company,to have 2 Lending Institutions ,willing to participate in this deal and finance the complete 16 million. Lucky 43 Subscribe to the GMT NEWSLETTER FOR FREE and always getting up to date information on its Stock Picks www.globalminerals,com ------------------------------------------------------------------------ Follow Ups: ------------------------------------------------------------------------ Post a Followup Name: E-Mail: Subject: C