Look at it this way, here's a company that claims to have a .10/share book value (they did show unaudited financials that showed 80 million in shareholder equity, and no claimed there will be no more than 815 million shares when they report). They claim (is you are to beleive their IR guy) that their pretax profit could be 10% of their gross revs which they claim to be 215 million, which would lead to a pretax profit of .026/share and assuming a 40% tax rate, .015 a share. Now, these types of claims do attract closer looks from "real money", "the street" etc. It warrants a closer look from the big money guys. Why aren't they loading up on this stock??? Do you think that none of the big boys have looked into this deal? Do you think that this stock is a huge secret? My guess is that the a few of the big boys HAVE looked into the deal and have made their decision.
If this was real,or if there was a reason to believe it was real, money would be all over this thing. The bottom line is NO ONE BELIEVES THEM. The Market is not stupid. it is at .006 because it deserves to be at .006
