Monday, March 02, 2009 1:38:28 PM
But this is a growing company so revenue should be higher and we should trade higher than 1X revenue. There are penny stocks trading at .10 with NO revenue!!! IMO this is a .10-.30 stock easily once all data is out, including rev projections.
But we are here because:
1. Greg, CEO of Ligatt bought old shell that was sub-penny.
2. He has announced reverse merger and stated outstanding shares will be around 80 million.
3. He even said he will be buying up to .10 which will be easy to attain.
However, we don't have symbol change yet and SEC filings to verify what Greg has told investors. But once we get SEC filings confirmation then we gap pennies IMO. This is easily a .10 stock out the door if he was starting from scratch. But using a clean shell is faster and more lucrative for those of us that found this and jumped on board. The train is still at the station (unbelievably) for those still wanting on!!!
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