Followers | 2768 |
Posts | 77901 |
Boards Moderated | 1 |
Alias Born | 05/10/2007 |
Tuesday, October 16, 2007 6:57:44 PM
AFAO market cap of only $1,400,000 is an absolute joke (.001 per share times 1.4 billion shares OS=1.4 million)
They have two artists signed to major record labels. They had 3 million in revenue first 18 months in business. This stock could justify support at a 14-20 million dollar market cap easily where their business is right now. That would put the share price at .01-.02 not .001 where we are now. This has 10 bagger plus written all over it.
As far as the stock buyback, reread the press release. I think they were planning to buy back shares from people holding restricted shares eligible to become free trading. They could make those deals behind the scenes and we would never see them on Level II. If TA tells us shares OS keeps dropping we'll know that's the buyback of shares by management.
If I'm right that's a better buyback then in the open market. People with restricted certs who get the legend off tend to dump regardless of market conditions. They just want their money.
2008-The Rainmakers Moneymakers. stock symbol RAIN
http://investorshub.advfn.com/boards/board.asp?board_id=11575
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM