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davidam

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davidam

Re: davidam post# 1282

Thursday, 12/31/2009 9:15:30 PM

Thursday, December 31, 2009 9:15:30 PM

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Looks to me like all the first 87k is going to be done at 0.05 per share with 500k shares issued immediately for a net of 25K. 87k should hold the company up close to 4 months using the numbers(cash burn) from last Q . The warrants represent another 87k at .175 but may never happen cant consider that much at this point.
Absolutely ugly IMO when peeps are buying in upper twenties and above and profits are suppose to be around the corner???
If he delivers all is ok but a nickle now??

Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!

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