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Re: E pluribus unum post# 21295

Thursday, 06/07/2007 9:54:05 AM

Thursday, June 07, 2007 9:54:05 AM

Post# of 53779
E Plurbis

You said: "Being hedged as they are, it would not surprise me if their overall returns are north of 25% per year. Nobody earning that kind of return on their money wants to be paid off early! Would you?"

Appreciate the confirmation of what I have been saying for years. The ONLY reason for a company to go to a Dutchess is short term capital needs and hoping for it to be paid off quickly with sales growth leading to positive cash flow. Otherwise it is a huge drain on the company, stock price and capital structure and other fianancing avenues - secondary offering or other more cost effective funding options are not available.

For some reason the few bullish investors are either uninformed, in denial, naive, or just continue their blind allegiance to this issue as the Dutchess overhang is very hard to overcome. Reverse split will happen to attempt to fix the capital structure.

These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company

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