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Re: pocketfullofpennies post# 8343

Saturday, 06/20/2009 12:46:46 PM

Saturday, June 20, 2009 12:46:46 PM

Post# of 36237
A/S 5 billion becoming 500 million is a reduction....your view is the relative % has change is correct....but...the usual R/S has no reduction in the A/S.....There are several ifs here....that is why it is a lotto....if the new company is truely as profitable as the unaudited financials state....if they do not flood the market with shares immediately after the R/S....If I owned a profitable private company, would just give it away...no...I would not....my opinion about what the PPS should be is why I bet my $$$$...what the market determines my be higher or lower....this does not look like a B/S scam to me...but that does not mean that it is not....imho

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