Thursday, October 20, 2016 10:11:55 AM
At the moment I do not hold any shares
At one point in the past I did hold as many as 180,000.
At the moment, I expect:
1: The trial to not start until sometime next year.
2: The trial to take about a year
3: There will be another round of stock issued summer 2017 with 20 to 30 million more common shares issued.
4: The share price to fall to under $0.01 with the selling pressure from the additional shares as those new shares are sold off and dumped onto the market.
With my conservative expectation of the stock being worth $0.18, when they someday are able to collect cash on a judgement, buying for under $0.01 gives one a safety of margin to wait out the time to a final collection of cash from ATVI.
Another reason I would only buy at such a low price is that I have another current pick that I expect is worth three or four times what it is already trading at with a timeline of less than one year; so it is possible to take profits from that trade, if it goes as planned, and then buy here sometime next year.
Louis J. Desy Jr.
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