Have read and highlighted the 10 Q, I have just reduced my first standing order--placed yesterday--from .015 to .012. And then am cutting the quantity in half. In other words, "Nibble #1.
I see concerns related to "we are currently talking to three different groups of private investors who have expressed interest to help raise some much needed capital".
THe dilution will be considerable and a secondary private offering will be about the only way the company can go. Loans to officers are near exhaustion. Reverse splits with no apparent investor "kicker" to first raise price. But there could be--as Cal likes to keep his cards hidden. Just playing with numbers, but (ballpark figuring):
200 million current shares at say .015 = $3,000,000 market cap.
Private offering of 100 million at equiv. of .01 = $1,000,000
Combined = 300 million shares--based on restated value would be about an 11.3% dilution to .0133. But - I see the stock falling to about .010--or the value of the private offering to the private investor. And I alsobelieve a reverse split - 10/1 at least--atempted.And Cal might then have $1,000,000 to work with. BUT - Cal and boys get over half of this in repaid loans. The other half doesn't go very far.
So we could lose 1/3rd of stock value to get Cal a net $500,000.
I have just talked myself into only 5% of my investment dollar objective. Like 4 or 5 items in the 10Q but something more than reaching quarterly quota has to be forthcoming.
Just a little brainstorming. A crisis is forming. Nibble time--but very small nibbles. Can't stand that "cranky" Old Jagman (old joke from another board) observing me make another investment failute!!!. Waitedg
