Wednesday, June 01, 2011 8:16:33 PM
I think that a "lotto stock" would be a stock that has, as it's competition, all other stocks that have an equal potential for becoming a successful investment for it's shareholders. That's pretty much the same thing as buying a lotto ticket, no matter where and when you buy it. All of the lotto tickets in any particular lotto and at any particular point in time essentially have identical odds of winning. However, I don't believe that we have the same situation here.
Please allow me to list the "interesting" things about this stock that, IMO, put it into a class by itself:
1. The Purchase Agreement says, in essence, that the company's assets were purchased with a large part, but not all, of the debentures held by Pivotal. This means that the remaining debentures still exist and still have value.
2. During the BK proceedings, an entry into the process could have been made, but as yes has not, that the stock will be delisted and retired once the proceedings are concluded. This means that the remaining debentures noted above still have a vehicle for retaining their value.
3. The shell will emerge from BK as a squeaky clean shell that has been full fleshed out by the BK process and this fact will be fully known to all interested parties. This means that the shell will not carry with it any unsavory financial characteristics that would make it unattractive for a possible future investment opportunity.
Now . . .
Show me another shell that has all of the same characteristics as this one and one that has been agreed upon, in the majority, to be an "empty, worthless" shell?
So, then . . .
I would like to, once again, respectfully submit that trying to assign extreme odds for a shareholder's success in owning this stock is, while an interesting exercise in written emphasis, a waste of time and creates a possible potential for producing misleading statements.
Not that anyone would, could or has done so, intentionally.
And . . .
Once again and as usual, all of this is just my opinion.
Do your own DD and then come to your own conclusions.
-=
=-
plmcc
Please allow me to list the "interesting" things about this stock that, IMO, put it into a class by itself:
1. The Purchase Agreement says, in essence, that the company's assets were purchased with a large part, but not all, of the debentures held by Pivotal. This means that the remaining debentures still exist and still have value.
2. During the BK proceedings, an entry into the process could have been made, but as yes has not, that the stock will be delisted and retired once the proceedings are concluded. This means that the remaining debentures noted above still have a vehicle for retaining their value.
3. The shell will emerge from BK as a squeaky clean shell that has been full fleshed out by the BK process and this fact will be fully known to all interested parties. This means that the shell will not carry with it any unsavory financial characteristics that would make it unattractive for a possible future investment opportunity.
Now . . .
Show me another shell that has all of the same characteristics as this one and one that has been agreed upon, in the majority, to be an "empty, worthless" shell?
So, then . . .
I would like to, once again, respectfully submit that trying to assign extreme odds for a shareholder's success in owning this stock is, while an interesting exercise in written emphasis, a waste of time and creates a possible potential for producing misleading statements.
Not that anyone would, could or has done so, intentionally.
And . . .
Once again and as usual, all of this is just my opinion.
Do your own DD and then come to your own conclusions.
-=
=- plmcc
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