I guess I missed posting these MInor details...
Assets= 4,342,000
O/S= 662,000,000 (including the 50mil shares paid out in March)
EQUALS
Far Value Per share: .0064
Unless you are like MOST mirocap traders and trade based on
the total A/S...(I personally think the "float" numbers are
USELESS, especially with the A/S near a billion)
which is 800,000,000.
In which case you would have a fare market value per share of...
.0054
It looks like @ .0016 we have a REAL blue light specail goin on
here.
USUALLY, you will see a stock get hammered like this when they
are nearly out of shares, forcing the company to EITHER...STOP
issuing shares and start living off of their income OR they
SB1 and issue new shares. Where the R/S factors into all of this
is anybody's guess...but I still consider this fairly low risk.
Surly much less of a risk than further delusion.
Without management holding tons of protected warrants or
prefereed shares there is little incentive to R/S...it will
hurt them as bad as everyone else. In fact, I think that the
only worry of us seeing an R/S is if and I mean that IF with
all the POWER of the word, they EVER are able to show enough
of a market cap to actually justify moving off of the bb and
onto the naz or some other big board, however, as we can plainly
see...we are a LONG way from those kinds of fears.
Anyway...I thought running that little exercise would shed some
light onto and other wise DARK and GLOOMY outlook for the
shareholders.
catman...ISYA
PS...Were I to be FORCED to take and OPTOMISTIC view of things
right now I'd have to say that this just might be a GOOD thing
that we are seeing now. They are shaking the weak hands VERY
hard here, hoping to accumulate as people panic and dump.
I've PERSONALLY been here so long and have let down SO MANY times
by this company and their management lack of consern for their
shareholders that I'll NEVER get so optomistic as to throw
even MORE money at what has been a NIGHTBARE of an investment
for me. I've said here before it was THIS STOCK that convinced
me to NEVER take an "investors" approach to ANY microcap stock.
The ONLY way I become an "investor" NOW is if I'm TRADING a
stock and get STUCK WITH IT !!!!
I'm sure that MANY of you feel this way about TRDY now ! LOL
We are all in the SAME BOAT NOW though so we might as well keep
rowing and hope that SOMEDAY soon those 50million shares will
wash out of the market and we will start moving in the direction
of dry land agian...
HOPE...isn't that the nastiest four letter word there IS ???
I appologize for having to use it so much when I'm taking about
TRDY.
hahahahhahahhahahhahahah
cya when we hit the 000's....who can RESIST those 000's ?
I can honestly say...I've set aside 500 bucks for .0009.
and another 500 for .0005...
In for a penny, in for a pound.
Vana Catman fondles his mellons...
AI
