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there are other methods for financing before hitting the pipes... also, the sellers would have to be crazy to accept 0.1 warrants knowing they were going to dilute the pps on this deal...
having said that, its always possible they are diluting... but i still believe the insiders would like to retain they're shareholder value... and seek other methods of financing first...
the dude.
thanks for that... i misread the 350k due date...
the dude...
dude they didn't even PR last Q... which was filled with goodies...
if they wanted to dilute they would at least attempted to attract fresh meat via PR's to protect insider share value...
someone's loading up... with insider help... that's the only logical conclusion for now...
we have to wait a little longer on this one...
it was a 5 bagger for the acquisition PR on july 2010...
FRDM ANNOUNCES PURCHASE OF GREASE-TEC (Clean Fuel, LLC)
http://www.sec.gov/Archives/edgar/data/1443818/000082357911000009/ex21.htm
they filed it yesterday... we need a PR that covers the last three reports! there's lots to talk about...
assets for cash deal... 3 tankers and a list of clients... for a total of 850k + warrants... 500k already settled... 350k due next year... warrants have a $0.10 strike price and expire in three years...
the dude.
yeah... any thoughts on the grease-tec deal?
the dude.
i would agree we are over due for a PR....
nice buying this morning.....the dude.
equity is -4M. book value is approx. $-0.02 per share. the dude.
exactly. + FRDM is finally a self-sufficient company.
good job to you all. the next one in line is FRDM.
the dude.
its a bit too much risk for me. good luck with your position. the dude.
sold my 5's and 6's purchases for 0.0025. im out. the dude.
sold my 0.0005s and 0.0006s purchases over the last few days for 0.0025. the dude.
i got some 5's today...
the PPS might decrease today if the CNN piece fails to attract buying volume.
if everyone tries to profit from the news no one profits from the news.
the dude.
i will continue to buy until my budget for this position is fully allocated.
we shall find out when the time is right.
5's starting to pop...
and they keep loading.....
i absolutely love their products and did meet moody prior to him stepping down...
i am considering buying more in the near future
i bought some at 1.51 and sold at 2.12....
anybody trading auth?
you didn't get the point. its not about whether they have or don't have convertible preferred. that's not an issue. of course they have. plenty.
FRDM will blow up.
we are trading at july PPS. back when our revenue was ten times smaller and our assets twenty times less.
the dude
i think you didn't understand me. its counter intuitive.
you might think that as the PPS increase LNGT is becoming less risky. but it ain't. quite the opposite. as the PPS increase it will become more and more of a gamble whats on the books.
you're risk appetite will change because you'll have more money at stake.
yeah it can happen tomorrow or a decade from now.
they will only release the books after "the run". they need a strong market to cash out.
what fraction of the company we are trading right now? no one knows.
the dude.
good point.
as the PPS increase so will our risk due to the lack of information. this will force us to sell some risk before the books come out.
the dude.
the spread is pretty tight again.
the dude.
for sure someone is trying to drive the price down. but the market ain't buying it.
borish already has 15M shares.
forget about dilution. or the delusion of dilution.
the major risk factor for us longs has not been mentioned in this board. and that's convertible preferred stock.
the dude
another erroneous trade. lol. 0.018 when the ask is 0.0201.
the dude.
i can tell you're in pain man. its ok.
the dude.
i take it the D word also gives you butterflies. lol. grow up.
the dude.
that's what i think as well. i mean why wouldn't you right?
the dude.
cheer up man. dilution can be your best friend and worst enemy at the same time.
lets have a board poll regarding the CNN piece. this weekend?
everyone answer to either:
x) yes siree
or
x) nein
What does this look like if there is no dilution?
the company would be buried in the ground with your investment next to it.