Of course they will settle w/shareholders for 5 cents, sadsack. 5 cents total, maybe. Look, what you are failing to understand is that they won't be settling with the shareholders. Read the financial reports. They'll be settling with those they owe money to and that's it. That how it works with a public company.
You want me to do the math, eh bro? Okay. What is PSRUE's o/s now, about 350,000,000? That's 17 1/2 million dollars at $0.05 a share. Haha...last quarter they made a profit of -$7,163. In today's business climate money is exceptionally tight. No one will pay 17 1/2 million dollars for a company that not only can't make money, but actually loses money. They don't even have their own manufacturing facility. All the buyer would be getting for their 17+ million is a few faulty patents, a lot of debt and a bunch of irate shareholders. If anyone wanted what PureSpectrum has, why wouldn't they just go straight to the manufacture and make a deal, cutting out PureSpectrum altogether? Why bother including PureSpectrum? Even if someone saw something in any of the patents, wouldn't they be better off just letting PureSpectrum go bankrupt and buying the patent as the company is being sold off? And if that happened, don't expect much for the patents. It would be a miracle if the patents were bought for $500,000 and that money would go to paying off the vendors they owe money to. Not the shareholders. The following is from PSRUE's recent 10-Q:
"The Company has incurred net losses from operations of $5,109,113 for the six months ended June 30, 2010. In addition, at June 30, 2010, the Company has an accumulated deficit of $19,320,272 and negative working capital of $826,114."
PureSpectrum is almost $20 million in debt and those they owe that to are first to get paid through any liquidation process. In the most incredible case scenario they won't come close to reaching $20 million to pay their debts, much less having anything left over for shareholders. I'd be very much surprised if they were able to raise $1 million. No one will buy PureSpectrum. It's not worth taking over for free because they can't make money, but it's certainly not worth the $20 million in debt.
I'm afraid there's no way out of this for you, bro. You just lost your money and there's no way to get it back. That's the way it goes sometimes in the stock market. You should have listened to that ginchinchili character. Too late now.
