capital raising a smart move?, page-35

hotrock, i think you need to stay away from the computer when you've got a few bottles in ya

the anger sure does come out

in regards to AZZ cash backing, 58c is incorrect, widely inaccurate im afraid

cash backing 90% of the time is supported, if a company is down and out, providing they have no debts of course

post GFC, well that was a meltdown, investors, rightly so, were worried the money in their bank accounts would not be accessible, or there tomorrow, it was a panick, and for those stocks who lost went below cash backing, i bet they were not their for long, that is an exception, and a rarity


as for the AZZ one, their 200m sale will be subject to taxes, and the like

so the 200m probably will be converted to about 150 odd million

if you read the bottom of the media release...it also states they intent to make use of the tax code, in which, converting the capital into another prjoect may limit taxes....again, cash backing is not 58c, may in fact be less than half..depending on what they do with cash...so, whos the newbie?


in addition, this sale has not even been finalized yet, anything could happen, it might fall through.


we are about 1 week away from the announcement we have all been waiting for...i can feel the tension and angst growing....MEO is in a great position...the hard work is all done....its just up to the SV to finish the hard work off and create that long awaiting flare