Wednesday, October 07, 2009 10:44:28 PM
Even it turns out to be a legit company (which I still have some doubts about, because non of their press releases ever give out complete enough info to to verify who they claim to be doing this and that with)I just don't see a current investor value over maybe 10 to 50 million dollars, as they just don't have the capital. They would need to sell a lot more stock (more dilution) or borrow heavily to ever get to a profitable postion, to raise the stock value. If Exxon sees something in them, I doubt the company would go for more than 10 to 50 million in a buy out. What is 10 million dollars divided by 650,000,000 shares? Do the math. I bought shares (which I recently sold) because I did not know about the share dilution that had done.
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