Bazzaroid
You will see a large increase in revenues over the next 6 months, and you will see improve sales margings for Q4.
The $850k is repaid in shares over a 18 month period, this is a far better arrangement than dumping millions of options onto the market such as BQT.
SKG have plenty of cash in the bank, and will record far better cashflows from here on in......you'll see this in the next quarterly report in 3 weeks time.
They have major shareholders such as Orion Gateway, whom have commited 50% of costs to expand into Malaysia.
You are entitled to your opinion, but lets face it.......what is your opinion worth when you don't even know how to read an appendix 3B report or understand the differences in a reverse-takover.
The russian deal can only be viewed as a bonus if they land it, SKG's cash balance and hard assests easily exceed the current market capitalisation of $8.7 million.
The hotspot revenues are linked directly to the highrise clients, and act as a complimentary service but still attract revenues, not all business people are as tight as you ;-)
SKG have booked major write-downs in the half year report, which makes the current ratios look poor, but the time to buy straw hats is in the middle of winter..............didn't you tell me that ?
Enjoy the rest of your day.
SKG
skynetglobal limited
