Thursday, April 27, 2006 12:10:34 PM
Well, how much do people think the company is worth? If you think, even with all its risks, it's worth $200mil then the share price should approach $0.15 over time as the 1.3bil shares outstanding materializes. In my opinion, the market has generous faith in valuing the company at approx. $200mil. I figure that those types of acquistions were a factor in the market's faith (they confirmed the value; didn't increase it).
Even at $0.20/sh, (assuming the min. 1.3bn to be out) there's a lot of generosity here: market cap of $260mil.
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