InvestorsHub Logo
Followers 69
Posts 3290
Boards Moderated 0
Alias Born 07/13/2006

Re: johnny2525 post# 18082

Saturday, 07/26/2008 9:11:45 PM

Saturday, July 26, 2008 9:11:45 PM

Post# of 43413
Comparing BIHC to PTSC is due to the dividend is stupid. PTSC didn't run on the divy, it ran on Toshiba walking away from a 5 company lawsuit and settling giving investors the feeling that hundreds of millions of dollars was coming to PTSC. PTSC also had 400 mil or more in the float at the time.

The amt of the divy is not significant here to a big run. However there are TWO HUGE FACTORS.

One, in late April the float was pr'd at 24 million.n June the company twice announced they had bought back shares, conceivably 15 million in total. If the true float is 9 million there are going to consequences when the TA has to reconcile paying a divy out to 40 million shares. Can you say MOASS.

Two. If they sell Barons and get rid of whatever else they do you have a clean shell that, oh by the way has 10-12 million in cash. Can you say reverse merge with private company. Cha ching.

Either of these and stock goes over or close to a buck. If its just sell Baron's, take the money, invest in new business and the float was way higher than you might get a dime a share. And that aint bad either.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.