A World Leader in Safety & Rescue Communication
Develops and Manufacturers Industrial Safety Communications Equipment for Confined Spaces

AGORACOM News Flash

ATTENTION AGORACOM MEMBERS - WE'RE GROWING AGAIN & YOU'RE INVITED:

Hey, gang.  We're really proud to announce another great tool for our members and all online investors.  Here's the news:

1.  AGORACOM Launches Online Conferences  (Full Story)

2.  AGORACOM Announces 1st Conference.  The AGORACOM Online Gold & Commodities Conference  (Full Story).  December 3-4.  Save The Date!

Looking forward to your feedback.  Thanks and have a great day!

Regards,
George, Paul et al.

 

Message: CON-SPACE Announces Approval of Amendment to Secured Lender Agreement and Contem

Wallst_profile
cef
Rank: [?]
Treasurer
Points: [?]
343
Rating: [?]
Votes: 9 Score: 3.3
  • Currently 3.3/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: CON-SPACE Announces Approval of Amendment to Secured Lender Agreement and Co

posted on Dec 19, 08 06:34AM

Hi all,

Well, you heed to define good news... They where in default for their loan and this arrangement means they are not going into bankrupcy.... It's also positive that the other lenders have signed a wavier. (They where in default with them also). This being said, it also means they just handed out a litle over 46% of con-space to that lender. (you just lost 46% of con-spaces value with the dilution, and 46% of future profits. If you where hoping to see con-space at 1.00$, the equivalent is now 0.54$) It also means that the loss per share will be going down at the same rate as the dilution (and eventual per share profit also). IE: last years 0.28$ loss per share would be aroud 0.13$ for the same loss...

I didnt think it was good, and that's why i sold. (But it's always better than bankrupcy!)

Take care all, and have a great holiday season!



Cef

New Message

Please login to post a reply

AGORACOM Quick Tips

AGORACOM Twitter. Follow our small but powerful market tips .. Follow and Prosper

President's D.D.

New feature: Hub Presidents can add important links here.