Hi everybody! New to Investorshub. I like what I see. According to the CEO there is 90 million shares in the float. In addition, 30% will be bought back by the company. After the merger announcement we should see a nice pop in PPS. This is a real company with great future. IMO. The only issue I have is with the CEO predicting a share price the. 70's range within a week. Do you think he might have meant .07's or higher? Who knows? In any case.... we will see a nice run this week and beyond!
Here is the e-mail I am refering to...
"In regards to the merger. We are in the final stages . The merger should be complete by October 13, 2006 . We are expecting to release a press release regarding the finanlization of the merger and the projected revenues expected sometime next week. I had a look at the huge drop in price and I can assure you there is no dilution going on. As you can see there is a huge short in our stock , so do not worry. The price will adjust itself and will be trading in the .70's range and above within a week. In addition we will be buying back 30% of the o/s in a couple of weeks.In response to your question regarding our float, it is currently 95 million. I hope this answers your questions.
Regards,
Desmond Milligan"
