AI
Sunday, September 19, 2010 12:02:10 PM
I saw and read Sterling's post here, and the POTENTIAL here is huge. The stark reality after reading the 10Q is that they have $100 cash on hand, with "substantial doubt about our ability to continue as a going concern." mentioned at least two or three times in the document.
In addition, I noticed that they issued a million shares for some needed equipment and plan on buying it back a year later for $1 a share? Wow, that sounds brazen, considering the only thing I read positive in the document was that they were going to sell the foreign stamp collection (oops, they gave away 30% ownership in one of their new subsidiary companies for the honor). So, by May of 2011, unless I read it wrong...the company is going to have a million dollars to buy 1million shares? I'll have the popcorn ready.
Also interesting is that they don't plan on adding staff in the next year...not sure how they plan on achieving all of these goals laid out by shareholders here. Unless of course they don't plan to.
From where I sit, this sounds like a share selling machine and a pump and dump...saying this stock is a risk is probably the understatement of the year.
I do like the free L2 quotes and being OTCQB...right now that's about the only positive I'm seeing.
Where do I sign up
In addition, I noticed that they issued a million shares for some needed equipment and plan on buying it back a year later for $1 a share? Wow, that sounds brazen, considering the only thing I read positive in the document was that they were going to sell the foreign stamp collection (oops, they gave away 30% ownership in one of their new subsidiary companies for the honor). So, by May of 2011, unless I read it wrong...the company is going to have a million dollars to buy 1million shares? I'll have the popcorn ready.
Also interesting is that they don't plan on adding staff in the next year...not sure how they plan on achieving all of these goals laid out by shareholders here. Unless of course they don't plan to.
From where I sit, this sounds like a share selling machine and a pump and dump...saying this stock is a risk is probably the understatement of the year.
I do like the free L2 quotes and being OTCQB...right now that's about the only positive I'm seeing.
Where do I sign up
