Thursday, September 11, 2003 12:00:14 PM
What would it take for this stock to be worth 5 cents?
A credible audited set of financials showing an EPS of $0.0025 or 1 quarter of a penny per share ( multiplied by 200,000,000 shares that is $500,000).
The company becoming more credible, assuming a multiplier of 20 times ACTUAL (not projected) profit would be a reasonnable expectation in today's markets.
Assuming such an optimistic scenario, selling 40% of my shares then (my avg cost is $ 0.02), I would have recuperated my whole BET and still hold 60% of my shares.
To me this is much better a bet than playing lottery (I do that also).
On the otherhand, I may very well loose it all. This is the essence of gambling.
This being said, considering what my source mentionned, we at least know (function of the value of my source)that there is an operation (game) going on out there.
Presumed truck drivers saying they did some work (i.e. handling business from Veltex) for the said company but did not get paid, ends up confirming what my source said relative to this specific operation (trucking) at Veltex.
Till December 10th (6 months after June 10th), my position is to wait and see. I consider the roulette to be still spinning.
For whatever that's worth...
Patiently,
Roger
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