Bring balance to the for(ce)um, page-81

Hey Pinto,

I must admit i wasnt really thinking about a takeover or any set prices in my post. More along the lines that we're in first mover territory which diminishes over time. If we fail to act swiftly it opens up the game for others.


If we only had to deal with a $10-16m FRACU and roll out around the pace we've been going then im sure our pre CR cash wouldve got us through to the IPO.

So while that may have been the plan originally, when further opportunities are a knocking we'd be silly not to act. If thats the case as it appears then our $4-5m limits that expansion. Without the CR we'd have to wait until we build up, get profitable then expand which costs first movers advantage time.

Now we're looking at a substantially bigger deal with DoD. As we're all well aware, it appears they're looking at making all NYCO uniforms FR across numbers departments. Perhaps they've been given a nod and wink....."make sure you're ready to roll out X amount by Y date". A larger deal would mean larger accounts meaning more cash tied up.

If it allows us to grow faster and into new sectors such as building materials then that should be reflected in the SP come IPO time, which in turn means less dilution due to higher SP when raising the $10m or so then.

Lets say for example without this CR come IPO we get US$1/ share thats 10m new shares to raise $10m. Where as with CR, faster growth, ready for DoD, new sector ect we're now at US$1.33 then thats 30% less shares issued at IPO.

That becomes a win/ win for us then. But regardless where the price is at, if the market place is call for it then we need to be in a position to act or lose our advantage........ and its pretty clear the market place is calling. Our $4-5m obviously wasnt enough to meet demand, thats excellent for all of us.

Now we're all set for DoD, set for IPO, set to grow textiles fast and set to get into the building sector. Hopefully the IPO funds expand us into new sectors, perhaps plastics and plastics?