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Thursday, March 23, 2006 10:24:33 AM
Posted by: big_money_insiders
In reply to: legalegaltx who wrote msg# 120001 Date:3/21/2006 12:30:40 PM
Post #of 122867
legal, (even WICK and others know the increase is coming-I do not stand alone here. It is a given for many reasons, imo) Nobody wants to address it for fear of scaring off new money)
Most people are gambling on whether or not the CC deal is a go and not factoring in the Authorized Share increase that is coming.
Scenario:
If CC for some reason is not a go. We head towards .002, imo and then lower because they will need to Immediately ask for more shares per the conversion schedule cushion that is needed for the 8 Billion plus shares for GG. The SEC mandates the cushion. There are several billion more shares than the last time we hit .002's. So makes sense to hit that number again IF no major retail deal.
So much more at stake here than the CC deal. It saves us for now. And perception would be positive if they could get it.
CC does not halp much in 2006 with sub count and that is the issue. In fact, GZFX is further in the hole financially with CC. GZFX pays them $ 30.00 per sub plus marketing fees. So a subscriber must stick around and not churn to get anything to GZFX.
The bottom line is that even with CC, more cash will be needed for other deals because we are way off from breakeven. Chip and John keep extending the projected date. And this optimistic calculation includes getting CC, imo. Imagine without CC.
Just hope they do not come down from the CC site.
News is needed.
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