They are acquiring a company for 8.7 million and the bank is prepared to fund 11 mill?
That shows that bank has done due diligence and believes this company is worth the loan. Also, investors are valuing the stock at 28 cents (over 3 mill worth in consideration)
They made another acquisition as well.
This company is being very pro active and are being backed in by the banks
Very happy shareholders out there after this good solid news. This should go to 30 cents and towards 40 as the market soaks up what the news means. ie the company is solid and is acquiring income producing complementary companies. Don't know why it was sold off in last few weeks. Many investors got it wrong by selling. This company is going places. I will buy more under 30 cents
DES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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