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Alias Born | 05/03/2011 |
Thursday, December 05, 2019 5:19:52 PM
I don't think the new CEO and Chairman are going to be selling their shares anytime soon, they don't seem like the quick buck type. I could be wrong though. They hold about 1 billion of those shares. Kinda hard to unload that many anyway in thinly traded stock.
Most of my calculations I use for figuring cash per share, book value, etc., I don't figure in their shares, I go on the original 23 million. But to humor myself I add theirs in on occassion.
Float is ok at 22 mil. I don't know if the new guys shares are restricted or not.
I'm hoping they come out with a new product or two in 2020. That will really help juice the financials and hopefully the share price as well.
I'll let you know if I hear anything back from the company regarding the questions i sent.
Rule #1 is never lose money.
Rule #2 is never forget Rule #1.
My posts are my opinions only. Do you your own due diligence.
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