posted on
Nov 01, 2007 10:01AM
What company that is for sale for 100-300 million dollars would be willing to open there books to a buyer who doesn't currently qualify to purchase them, who might be able to purchase them at some future date, if things work out? I live close to one of the most expense communities in the USA. Houses go for as much as 20 to 40 million. There is no way I could approach the real estate agent to see those houses. Only qualified buyers please. My guess is that in purchasing or merging with companies the same rules apply. PTSC doesn't have a huge credit line. Banks don't lend to people or companies that don't have a history of ability to pay back. Our BOD can only look from a distance at this time. When we hit paydirt, then and only then can we seriously look at potential purchases. Hopefully sooner than later. I'm not sure how much time the BOD can be spending until a lot more money comes in. All this IMHO.