Goneom, I have heard a lot of theories and your guess is as good as mine as to what is really happening right now. Some believe we have told Cornell we are done with them and they are selling off the remainder of their shares quickly. Others don't believe that is the case.
If I understand correctly, I can't think of a scenario that would be beneficial for Cornell to sell below .20 and my post was just to get affirmation on that point.
I also think there are a substantial amount of shareholders that bought on TS recommendation, and are now panic selling to either prevent further losses or protect whatever original cost basis they have left. This latter scenario could result in a lower than .20 pps.
IMO, there is a lot of fear in the market right now when a startup company like Neom whose financials have been poor to date and we have no official guidance of what the future financial picture could be, and then Management announces they want their shareholders to authorize another 4 billion shares without a real good explanation for that level of share increase. Based on present information disclosed to us, a much lower number of shares would be more palatable to most shareholders.
All of this is having a negative effect on the pps IMO.
Personally, I believe one should not panic now. I would wait for the 1Q-10Q financials due by May 10th, which I anticipate will be a relatively positive story and hopefully will help the pps rebound somewhat. Hopefully more good news will be announced by or at the June 7 shareholder meeting. And, I would anticipate the 2Q-10Q filing to be even more positive when filed in the August 2006 timeframe.
That's my perspective, but just want to get someone knowledgeable to confirm that there is no profitable reason for Cornell to sell below .20 which then should provide somewhat of a base for the pps (excluding the TS related panic selling).
SS9173
