Wednesday, August 22, 2007 4:36:29 PM
You like the price of .15 cents. huh? Let's explore that:
The company has 156,420,414 shares outstanding. so that is a market cap of $23.5mm. You statement implies that you think that is cheap for a company with $86.89 as their sole asset.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=10458
and in the 12 months ending 4/1 2007 they had $5,000 in revenue with a bad debt expense of $5,000! so the only revenue that they booked, was never even collected!!!
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=10459
However, they do have two full time employees! So maybe you think it is worth $23mm.
you make your own choice.
anything else I can help you with?
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