Ann: Cardia announces proposed merger with Stellar Films Group, page-31

Well .. I don t really care if cnn is a shell company as far as the seafood getting in is good.Cnn is still struggling to get enough contracts to just break even . This stellar films apparently has a revenue per year in the past 3 years of 21 million dollars.Now beeing it a private company.. they are not milking any shareholders and a private business that doesn t make money doesn t last long....so something of this revenues has to end up in someone pockets. ... otherwise the company is in debt and that will become clear during the due diligence process.Now if they are positive .. I think it is reasonable rhat we end up with a smaller percentage in the deal because we r NOT.So my conclusion is that I prefer 42% of a company that has a POSITIVE cash flow rather than 100% of something that is still a question mark.On top if and I say if .. cnn as the cardia bit starts to get enough contract to brake even or go positive that will be an add on that will push the revenue even higher pushing up the company value as consequence.In those market conditions it is better an egg now than a chicken tomorrow.Ditomagicoorry hotcopper on mobile sucks... this is what I meant to write.'

Ditomagico

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