Friday, December 05, 2003 6:11:59 PM
Not especially worried about dilution or a reverse split....
Okay, let's just say that all 1.5 billion shares are issued. That would lead one to believe that a 20 to 1 reverse split would bring the stock in line with others on the NSDQ (75 million shares outstanding). Extrapolating that, you would have a share price of approximately $1.00 (5 cents/share x 20).
Would I pay a $1.00 a share for a stock on the Nasdaq with all the potential this company has?
-Hair color
-Eye color
-DNAWitness
-DNAAncestry
-Biometrics Council
-Ovanome, Statinome, etc.
Answer: YOU BET I WOULD!!!
In addition, one of the big risk factors of a penny stock is the fear that the company could go out of business any day. Now - I don't think that is going to happen for the next 20 monthsand that alone should add valus to the pps.
Thoughts anyone?
Thanks,
-Matt (Stuck in the snow in Baltimore)
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