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Alias Born | 08/15/2006 |
Wednesday, October 15, 2008 10:26:36 AM
Maybe see some movement when the pinksheets is fixed but: What will the share structure turn out to be?
echelon website says 9/20 OS = 396,927,714 and 9/20 AS = 1,001,000,000
pinksheets says 6/20 OS = 196,927,714 and 6/11 AS = 501,000,000
On top of the AS and OS doubling in 3 months, what will happen to OS when they try to roll the waning MNTY into this (or vice versa) ?
If MNTY has $200K of abandoned inventory at their Choctaw store (did they really owe that much rent that they could not sell it out or move it to another store??? and if so, what does that say about the health of the business overall), the current $120K might be more than a fair market cap for ICTY. The track record at this time is questionable at best.
If you're not living on the edge, your taking up too much space.
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