Tuesday, February 05, 2008 7:06:16 PM
""thus bringing the company's market cap to a still very undervalued $414,846 from the current market cap of $207,423", said Clayton Young President & CEO."
My .02 on the divi: Several shareholders were asking for exposure to the company before the divi is announced. Company PR's the Divi, and new investors show up. If most of the new players hold their shares a while, and the PPS holds relatively-well, company increases market cap from where they were, investors are once-again happy with response from management, and we snag a few more investors. Everyone wins, and company takes a step in being able to obtain more/bigger credit/investors (which they are certainly going to need to meet the 2 year plan).
On the other hand, if there's a ton of selling after the divi, and the share price drops to half or less of current, watch and see how fast the tone changes..
IMO, they shoulda just left the float smaller.
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