re: queensland aquisiton/garry Garry once the company show good profit in the coming year the acquisitions should be able to be paid from the net profit which means we may see one to two more acquisitions requiring a small issue of shares.after that they will be self funded...........lets say the current deal of cash and shares looks like this........3.5 million deal made up of 2 million in cash and 30 million shares at 5c makes 3.5 million
if they do a couple of other acquisitions like this we should only have fully diluted issued shares of 600 million
I dont think it would be in TEE,S best interest or shareholders interest to continue issuing mountains of shares....if they do they will kill the value of the company and shareholders will disappear...im assuming the management team know what their doing....cheers Jam
P.S Good announcement today IMOH
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re: queensland aquisiton/garry Garry once the company show good...
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