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Alias Born 06/11/2001

Re: vegasrob post# 342

Tuesday, 06/26/2001 3:18:21 PM

Tuesday, June 26, 2001 3:18:21 PM

Post# of 717
Hypothetically, I agree with BOP, and common sense, that if dilution slows and it is selling in the three chains in north and south CA plus TX, there would be a lot of revenue and other fundamentals turning around.
I would be temped to buy at 1/8 according to your scenario in next 1 1/2 months, as it may "bunp" off the low with successive PRs, but most likely I would not until the next filing and the dilution is completely stopped, as they employ several financing methods that may slow dilution temporarily for a month.
If this co. pushed what I consider the limits of a small business - $5 million annually, the dilution due to admin. and overhead expenses would stop. That is what is necessary for me to beleive they would start to pay off their debt, have some operating capital, and wouldn't it be nice for them to buy back the millions of shares they sold in lieu of accumulating debt over the past 3 years.

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