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Friday, August 14, 2009 4:03:09 AM
My mini calculation gave this stock a fair value of at least 1ct. So I hope I am right.
I based this on a future 20mln gallon output for their bio diesel. And counting that they are going to have an enormous share count due their stock dividends. I think the CEO should start considering a lowering of the stock count.Hope he does not choose the Reverse Stock split route. That will suck abit. Hope he will do corporate buybacks, and cancel some of their restricted stocks for the sake of shareholders. I only fear that he will dump those restricted stocks to shareholders after 2 years of restriction. He can choose to remove the restriction after 2 years of ownership. To earn a quick 1bln X stock price!
So he has to keep dumping his restricted stocks fast, and so far that is in the process.
So far there is no news of them dumping 300mln shares right?
My long term outlook for SYNJ is a stable 4cts trading range for next year.
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