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Thursday, September 04, 2003 12:49:42 AM
-On the table I now have (150,000 X $0.0041 = $ 615.00 book value)
-If it's a scam and I loose $ 530.00 (I could sell right away and pay $ 85 to my broker)
-It's a real company having some kind of EPS potencial (let's say $2,000,000 profit in foresseable future, spread over 200,000,000 outstanding shares = $ 0.01 EPS) Apply a multiplier of 10 and my bet is worth (150,000 X $ 0.10) $15,000 or ($15,000/$530) 28 times what I have on the table as of tonight.
That's close to playing a number on roulette (odds of 1 in 37) in view of getting a return of 35 to 1.
Dont we have fun ??? (and we are not even naked...)
Assuming best case: When do we sell how many shares?
That will be (if it turns right) an interesting basis for many more messages on this board ... if we ever get there.
At the price we paid (whatever that is) we may as well enjoy the ride.
Patiently,
Roger
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