Wednesday, May 10, 2006 11:45:49 AM
From my posts, you know that I'm well aware of the value of STTK's security/network biz. Vis: my visit and chat with the VP in charge of it, and my first-hand knowledge of the Vancouver high-rises involved.
Per early math posted here, I feel the core biz is worth about 20-25 cents/share, depending on whether you believe 73m or 106m shares outstanding.
So my logic is based on the RFID business becoming valued at zero, ie: market thinking AIDO/RFID/ADSX/etc will overtake STTK.
For clarity, I don't expect RFID biz to go away, but I wouldn't be surprised to see the market value it at zero, especially after the recent post-PR trading. I share hebroots' sense that there is some concerted selling effort intent on making STTK suffer, maybe PO'd shorts, or maybe Stocklemon affiliates trying to exact revenge.
imo, STTK has tremendous potential, but I do feel all value about 25 cents in the moment is based on projection of RFID rollout. Remember that the $5m China deal is still only 6-7 cents/share at 73m OS.
99.99% of all pinks are scams. Best to assume the other 0.01% are as well.
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