There are many uncertainties overhanging the Stock Market that should come to a head at the start of the New Year. Our expectations for the dollars raised from our Reg A equity offering at the beginning of the new year remain conservative. Even at our lower .estimate, the use of additional draw down amounts from Term Loan money will provide a leveraged capital base that could still help us toward attaining success in our first growth stage of Payless Truckers, Inc. The success of this initial stage brings our fleet size to 100 trucks generating a projected monthly Gross Rental of
After Completion of The Reg A Offering:
Use of the 115,000,000 shares: These shares were issued to reward past efforts and to incentivize long term allegiances. After the six month hold period on the 115,000.000 shares all management recipients are in agreement that as shares are sold under 144 volume restrictions a large percentage of the proceeds will be invested in the rental truck program to continue the expansion of our rental fleet. All private individual investors, now including our management, will receive 20% interest on their funds in our 48 month loan amortization program secured against discounted purchases of heavy-duty cabs/tractors (We are studying ways to include our stockholder base, either on a individual basis, or collectively, in this loan program. Reason for their participation: as our fleet grows are earnings will improve and so will our stock price.)
Safe Harbor for Forward-Looking Statements:
The statements above regarding the Company' s expectations, its operations and certain other matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see
Press Release Contact:
CEO
Email: onewallstreetn@aol.com
Source:
2020 GlobeNewswire, Inc., source