Yes, I do still believe that the pps needs to move upward; the pps is at the root of their financial problems, and if they could prop the stock price up, all of the issues regarding the remaining subs, and even dilution, fade away. However, it's a chicken in the egg at the moment; they can't get the pps up because of dilution, and they can't get the dilution down because of the pps. That being said, the best thing they can do, at the moment, is raise cash by whatever means necessary, restructure so that cash flow becomes positive, and roll out qode as soon as they can. IMO, these things are exactly what they are doing. The pps will eventually, hopefully, follow.
Yes, we have many more shares now then when i first bought in. I also have many more shares now, and am not looking for the same pps as I was when i first bought in. The dilition will certainly be an issue; hopefully, they can find ways, over the next year, to bring the shares down, not up. Again, this will hinge on the pps rising due to qode news, them being able to buy cornell out of those debentures, and an equity partner coming in somehow. Also the scanbuy situation ending, gavitech being cleared up, etc.
At 150 million shares I believed that a buck fifty pps was possible. At 600 million shares, i am looking for .60 cents or so. I've increased my share position correspondingly. I certainly never expected that we'd be in the situation we are in- as i did not expect the micropaint purchase, or the subs; howerver, I remain long on the stock, especially considering management's movements over the past few weeks. I'd like to see some powerful pr's over the next month, a new cheerleader ala TS, and we'll be back in good shape. It's obvious, from today's pr, that cornell isn't letting us go under; with that concern out of the way, there's no reason, IMO, that the pps shouldn't eventually go up.
best,
Joe
