wau77
I applaud your attempt to put whatever positive light you can on the situation at hand at CTYX. Bottom line CTYX is finished at this point. The small investor class has been hammered again.
Dont you understand how the financing works. He has guaranteed shares probably at 40% price of actual share price, 14-18% interest paid on moneys, and warrants out the yazoo.
Do you know where he gets the money to pay for that?????????????
The a/s in CTYX and those stupid enough to be bamboozled into buying in on the pipe dream.
Just to inform you, there have been many emails and people talking to Ronn and he will and does not listen. PERIOD...
I do believe he is sapping the shareholder to support his Florida home, boat, cars, and his trips from here to timbucktoo....
Wau77..... You say you see the potential for CTYX to be trading in the 3 to 5 dollar range some day. You just lost me buddy. What are you smoking..... Bottom line they have thrown everything but the kitchen sink at this thing. TV ads, Skymall, RiteAid, and on and on even Darryl Strawberry (LOL) and are sitting on what 5,000 flash units sold....
What are you smoking again????? $3 to $5??? Do you know how to properly value a stock????
With 1 billion shares outstanding with a p/e ratio of 4 do you know how much net earnings would be required to attain $1 in share price.. AGain at a P/E of 4 which would be high for a pinky IMHO... It would take 250 million dollars in earnings ttm......... What is that your smoking again??? OK 250 million dollars over 12 months would require the sale of how many units at $25??? It would take 10 million Med flash sales just to attain 250 million in revenues. Thats not even net of cost of goods and sales fees. Oh and dont forget Ronn would have a bigger boat and house to pay for in that case...
Bottom line: post split all the shares are already allocated for sale just to cover what I believe to be the minimal financing he has been able to obtain. That means the note holders will be selling shares left and right after purchasing at a 40% discount to line their pockets...
Now guess who ole Ronn is counting on buying all that crap???? Why all you nice retail folks he just screwed with a reverse split.....
Get it yet Wauu77???????????
If the shareprice is at .0002 at the point of reverse split the shareprice will be at .01 penny. Now how long do you think it will take for it to tank back to .001 and below????????????
Not long. You say wait 60 days to sell. I say wait 60 days to buy, and then I wont be buying because you cant trust the man.
Lets say you have $ 1000 in stock at that .0002 price. We reverse split, you then have $1000 in stock at a .01 penny. Now when the stock drops to .001 (which I am sure it will) your value will decline to $100. See how it works...
Heck the share price drops to .0002 you have $20....
Reverse splits are killers.......
Ronn and Mike Robbins equally share in the blame. They are the two mainstays....
