re: cornell
###i think Cornells would be looking to get their $850K out of SKG.... ASAP and NOT by way of shares which will be worth nothing when SKG fold.####
Really ?.......I guess we'll see about that ;-)
###The way SKG are going right now......to acquire Epay they need to come up with $8m in cash....immediately and a further $20m of shares.###
No, they need to come up with $2.5 million, followed by a further $17.5 million before December 5th. And yes both will be at a discount to the 5 day average, but I feel that many of the shares will go to long term investors that will hold long term.
So Barry, will you please answer me one question with YES or NO ? Q: will cornell accept a lump sum of shares from SKG (with out any form of security being offered) to settle any outstanding debts ?
Tex.
SKG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
