Friday, November 13, 2009 12:30:41 AM
If that means buying at $2 after that clarity is in - I'd rather do that then buy at $1.13 and hold the risk that still exists with continued heavy dilution and cash-burn.
Have you guys even read the 10Q? It's a joke... ALIF is starving and desperate for cash. They sell unrestricted shares left and right 20-30% below market value and those private investors dump the stock right back into the market for a quick profit. In essence, ALIF is bankrupt and they keep issuing shares to survive. Look I was more bullish than any of you here. last week, ALIF was 30% of my portfolio - went all in after the 3M news and was fully expecting it to head to $2 on short order. But a read of that 10Q and I flew the coop instantly. At least I made 30% in the process. But you guys need a reality check with that 10Q. Read it again. 3M is great and that's why it's $1.13 instead of $0.65 right now. But the situation is so bad, I wouldn't be surprised if it goes below $1. If like everyone claims here that 3M will solve all their problems, then great! I hope they do it - and once I see the proof of that, I'll gladly buy at $2 or $3 or higher if the valuation is good. Right now, the valuation is not appealing. the PE is the most phantom PE I have ever seen in my life.
- A public service message by someone who cares about your money.
FEATURED ZenaTech, Inc. (NASDAQ: ZENA) First US Trial of IQ Nano Drone for Inventory Management • Oct 15, 2024 8:21 AM
Kona Gold Beverages, Inc. Announces Strategic Progress and Corporate Evolution • KGKG • Oct 15, 2024 9:00 AM
One World Products Secures First Order for Hemp-Based Reusable Containers, Pioneers Renewable Materials for the Automotive Industry • OWPC • Oct 15, 2024 8:35 AM
CBD Life Sciences, Inc. Announces Strategic MOU with U.S. Armed Forces for Groundbreaking Mushroom Supplement • CBDL • Oct 15, 2024 8:00 AM
HealthLynked Files Non-Provisional Patent for AI-Powered Healthcare Assistant, ARi • HLYK • Oct 15, 2024 8:00 AM
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM