Thursday, October 12, 2006 3:03:08 PM
Doesn't it strike you at being funny that this company could quite possibly may have as much cash as their share price states that they are worth?
They have told you that they haven't retired the 100 Million restricted shares that they bought from the previous owners. They have told you that they are buying back 50 Million shares. If our worth today is 2.5 Million dollars with 280 Million Shares outstanding, and you go and add a million dollars in cash, and reduce the share count by 100's of millions of shares--which direction do you think that the share price is going to go? I will leave it up to you to answer that question. You are literally a couple of weeks from both of those events happening. Now is the perfect time to bash! See you in a few weeks. You may have egg on your face.
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