Wednesday, February 11, 2009 5:38:07 PM
These are the toughest times we've seen as Americans in decades. Normal companies are struggling to survive, never mind wing and a prayers like NHYF.
Times like this, you have to take the risk and invest in the established co's with presence that are beat down to nothing. There's many.
What you got here is a guy with a good idea, but he had no money. So he went public to raise that money. The only form of compensation he could offer was stock, and that stock got sold, so here you are at next to nothing, as low as low gets.
Slotting fees, expenses, all of that are legitimate problems, I haven't heard of a plan that can bring NHYF out of those problems. More stock to sell, another month, blow that and 100 million more stock the next month. While there is still a 0001 bid available, I would take it because this is on the greys.
Sam is a nice guy, I'm sure, but he's financing his LIVING off the backs of lotto dreamers.. not a bad gig, huh ?
Times like this, you have to take the risk and invest in the established co's with presence that are beat down to nothing. There's many.
What you got here is a guy with a good idea, but he had no money. So he went public to raise that money. The only form of compensation he could offer was stock, and that stock got sold, so here you are at next to nothing, as low as low gets.
Slotting fees, expenses, all of that are legitimate problems, I haven't heard of a plan that can bring NHYF out of those problems. More stock to sell, another month, blow that and 100 million more stock the next month. While there is still a 0001 bid available, I would take it because this is on the greys.
Sam is a nice guy, I'm sure, but he's financing his LIVING off the backs of lotto dreamers.. not a bad gig, huh ?
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