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Alias Born | 05/08/2008 |
Wednesday, January 24, 2018 4:24:15 PM
And yes, Dilution will likely continue, but hopefully at significantly reduced rate. Fins will tell us a lot. Will they contain provision for dealing with his “deferred salaries” and for how many back years? Is he cash flow positive?
Things yet to discover...was 4th qtr a fluke or a sustainable growing business? Does he have plans to cancel those shareholder value killers called Pref Ds? He doesn’t need them as a poison pill. He already has that in the Pref As.
We’ll see in a couple months. 40% chance value of ICNB will rise (how much will depend on Sales and dilution rates). 60% chance value of ICNB will fall in the toilet...trips again, waiting for a rinse and repeat for time number 10. One good thing is possible though in this scenario. Longs who hold thru all of this have a chance to be the trips gang for the next pump business he starts. Maybe with legalized marijuana, he recycle his original business in 2005.
"A man sees in the world what he carries in his heart" ** Johann Wolfgang Von Goethe
"Never does a man portray his own character more vividly, than in his manner of portraying another" -- Richter
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