Tuesday, October 06, 2009 9:55:38 PM
Hopefully I'm reading this wrong.
If you own 300,000 shares right now at .49,
you now own 30,000 shares at $4.90. No way this works.
If this same shareholder of 300,000 is currently down $60,000.00, then the stock has to go to $7.00 to break even.
If the stock goes to $9.00, then you have a profit of $60,000. NO NO NO.
Right now if the stock goes from 0.49 to 1.49, I make $300,000 with a profit of $240,000.00.
This is a complete sell-out of the shareholders who have put hard money in the company. Not to all the warrants, that they've been passing out like water to all the employees who have failed, yet still retain 100,000's of warrants. We are still paying for the sins of the Peter Berry era; but I would rather this price go to zero, then accept this set of circumstances.
Stambaugh needs to put up sales numbers, and leave the mergers & acquisitions department alone.
I will be going to the meeting a Friday, voting NO on the revere split, and will be hot under the collar, if they attempt a question-and-answer session.
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