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Tuesday, August 28, 2007 11:35:45 AM
Lets forget the .0002 buys and concentrate on the few buys at
.0001.
Numbers on 1,000,000 shares
BUY side:
1,000,000 X .0001 = $100.00
Commission $10.00
total cost of 1,000,000 =
$110
SELL side:
950,000 X .00002 = $19.00
50,000 X VWAP of .0019 = $95.00
less commission of $10.00 =
$104.00
so far , if you bought at .0001 you have a gain of $4.00
Now we have to include the transfer agents cost of $25.00 and the brokers minimum reorganization cost of $10.00, and after all is said and done, with everything factored in. the net loss on 1,000,000 shares, pre buyback, is
+$4, -$25, -$10, for a total of a loss of $31.00.
thats at .0001. Most bought at .0002 or higher and they can add another $100.00 loss for every .0001 that they paid over the first .0001
Care to tell me how those few who bought at .0001 can be flat and how you can justify defending the huge percentage of losses for people who bought at .0002 or higher?
What connection to the company or its insiders do you imagine? Say I had any connection, why should I talk about that?
it figures, an insider pumping and feeding the koolaid drinkers "creative math" so they think they are making money
and those that bought at .0002 had lots of chances to break even
typical attitude from an insider, but totally incorrect. They never had a real chance to ever break even, because they had to buy higher than that fictitious .0001, but nice math.. again
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