Wednesday, April 21, 2010 9:40:23 PM
The CEO failed once, when it comes to my money and investing, failure is for losing money.
Connections are great, but what are connections going to do when you have NO MONEY and YOU ARE IN DEBT. Tesoro is in debt right now, allbeit a small amount, but based on the revenues, cost of goods and losses, there is no way they will be profitable anytime soon.
They must issue shares to someone so they can bring money in.
When a pink sheet company issues shares for money it is usually at a 35-66% discount to the stock price.
You can believe what you want, but don't go selling an idea that Tesoro stock is going to increase unless there is a real reason.
Good luck. I expect to be done with my due diligence tomorrow, but the one thing that I needed to better understand was the acquisition they mentioned.
Does anyone have facts on the acquistion that they can share with me. I am wondering if this was going to be a reverse merger and TSNP was going to get a new symbol and a whole new company coming in.
Any insight would be appreciated.
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