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Re: grnsurfer post# 590

Friday, 07/20/2007 5:57:48 AM

Friday, July 20, 2007 5:57:48 AM

Post# of 1278
With 69,000,000 shares outstanding, I seriously doubt there is a problem with naked shorting. What did you say in a past post - 6 million shares short? That's not even a dent.

The fundamentals tell me that you are going to see all-time lows. Whether all-time highs happens - who knows? The market and pumpers can cause strange things to happen, whether they are justified or not.

With 69,000,000 shares outstanding, no earnings, no revenues, $100,000,000 valuation is not justified. Floating new shares to go to 500,000,000 outstanding doesn't mean the stock stays where it is or goes higher justifying $700,000,000 valuation or more. The stock goes down - maybe not by a factor of seven, but surely in half, probably more. If they float new shares making all $500,000,000 outstanding, you will see the stock go to 30 cents/share and lower over time.