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Sunday, August 26, 2007 12:41:49 PM
What makes me want to invest less is the idea that the revenue may not hit until Nov./Dec. If he uses stock to fund the next 2-3 months of operations, I want out while it gets hit. The real question on my mind is this: when is it likely that DPBM will announce they found what Tracy knows is on the ship.
There are several factors that affect the outcome of the timeframe for that announcement:
1. Finding it.
2. Approval from Tracy.
3. Approval from DR.
4. Actually writing it up and posting it.
I'm thinking this next trip might knock out #1. I'm assuming it doesn't take but a few days for #2. #3 I'm unsure about... maybe 1 week? I suppose it really depends what is found. #4 probably takes a few days with everything that is happening. When do we go back to the DR again? Isn't it in 2 weeks? So, I'm thinking at least another 2 weeks to the DR + 2 weeks at the DR + 1 week for approval + 3-4 days give or take for the rest ends up with about 5.5 weeks from here. That would be end of September/beginning of October. I'll be watching everything unfold very closely over this timeframe...
Anyone else see the above timeline as way off? What are your thoughts? I'd like to try and pin down as close as possible when the news will hit... because that might be right before the stock price soars.
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