Thursday, July 06, 2006 8:29:10 AM
Alright, I read the links you sent me, but I thought they were in reply to the question I posed about the first PR regarding the buyback. I did not see it in the link you sent.
Can we just have a grown up conversation for a minute? My questions come right out of the last filings.
Alright, yes I know what a CD (convertible debenture) is and that it's also called "toxic financing". I also understand that assuming a good rate of 80%, they should have received a very nice chunk of cash over the last couple years. If you multiply the shares issued over that time, times .001, then you get a number of 313 million in revenue. 80% of 313 = 250 million. So, according to rough calculations, the company has brought in about 1/4 of a billion through the CD. So, would it not make sense that I would expect either some huge assets, huge investments, and a nice revenue stream? ....after all, if they just put the 250 mil in a simple savings account with 1.5% annual interest then we should have at least made ~ 900,000 on interest alone last quarter. That's where the breakdown for me occurs. Why is it that they have only turned 250 mill dollars into a net income of $7,350? That's just unbelievable.
I see that they put $2,787,613 into some kind of investment, and they have $627,220 in cash. That means I can account for $3,414,833. Now, the HUGE question is where did the $246,515,167 go? That's a very important question. That's the answer I'm really looking for. The PR's do not tell me that.....who can?
Can we just have a grown up conversation for a minute? My questions come right out of the last filings.
Alright, yes I know what a CD (convertible debenture) is and that it's also called "toxic financing". I also understand that assuming a good rate of 80%, they should have received a very nice chunk of cash over the last couple years. If you multiply the shares issued over that time, times .001, then you get a number of 313 million in revenue. 80% of 313 = 250 million. So, according to rough calculations, the company has brought in about 1/4 of a billion through the CD. So, would it not make sense that I would expect either some huge assets, huge investments, and a nice revenue stream? ....after all, if they just put the 250 mil in a simple savings account with 1.5% annual interest then we should have at least made ~ 900,000 on interest alone last quarter. That's where the breakdown for me occurs. Why is it that they have only turned 250 mill dollars into a net income of $7,350? That's just unbelievable.
I see that they put $2,787,613 into some kind of investment, and they have $627,220 in cash. That means I can account for $3,414,833. Now, the HUGE question is where did the $246,515,167 go? That's a very important question. That's the answer I'm really looking for. The PR's do not tell me that.....who can?
GodBless - NoDoubt - creede
~> #board-7229
