InvestorsHub Logo
Followers 2
Posts 797
Boards Moderated 0
Alias Born 05/22/2007

Re: None

Friday, 07/13/2007 11:55:58 AM

Friday, July 13, 2007 11:55:58 AM

Post# of 22460
Well as of right now they have about 400M shares outstanding. It seems like there are two strong PRO's I see to this stock:
1) Coal Production - If coal production takes off at 20,000 tons per month then at $60 a ton we could see a cash flow of 1.2M per month or 14.4M per year if they keep up the pace.
2) Litigation for 100M - If this settlement comes through, say at half of that, 50M, then I believe we could see this stock easily in the .0x range even without the coal production.

Con -
1) Additional shares - If QMMG can issue upto 900M shares then this will certainly stabilize the stock price and downplay the positive actions that QMMG is taking. Let's hope that they do NOT issue more shares.

My .02

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.