Tuesday, August 24, 2010 12:36:09 PM
A press release issued by one of the 3 major wire services costs on average $800
For TSNP to issue a press release they would have to raise capital to pay for the press release. At $.0001 a share, they would have to issue 8 million shares.
Do you want the company to issue 8 more million shares into the market.
I am assuming that you know the company only had $752 in the bank on June 30th. They do have a business that is losing money so that means they probably dont have the $752 any longer.
Look at the 10Q - it speaks for itself.
Why do you think a press release would move the stock. Who in their right mind would buy a company that has no money in the bank, revenues that are down, cash flow that is negative and 800 million shares in the market.
You do know that with 800 million shares at 0001 a share the company's market cap is $80,000.
Is Tesoro worth $80K?
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