Thursday, May 03, 2007 10:14:47 AM
You obviously don't understand the math. Look at my example again. Yes, they can sell at 0.0004, but they aren't guaranteed 18% return. It's an 18% discount from a WEIGHTED AVERAGE PRICE, not the traded price (go read the SEC Filings). So, again, 100 million at 0.0004 would yield only a $1050 return, not $7200.
Yes, they can sell small amounts at the ask for a profit... but that is my point.. they don't want to DUMP shares at the bid at these levels! And definitely can't drive the price down to 0.0003 because they would do so at a loss.
Yes, they can sell small amounts at the ask for a profit... but that is my point.. they don't want to DUMP shares at the bid at these levels! And definitely can't drive the price down to 0.0003 because they would do so at a loss.
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