Wednesday, December 01, 2010 10:59:27 PM
I think we will see .40 tomorrow - and it could go a lot higher as the word is getting out right now on this one. Look at KRY for example. That is currently trading at around .30 as they are awaiting a permit the last few years and they have massive dillution on top of that. SAEI on the other hand has at least 10X the potential of that company and in a few days or less we are going to find out how much this is worth. With the company already telling us they are buying back 3 million in shares it tells me that
1) They believe the news is going to be fantastic
2) A buyout is very likely if this turns out good. Low float, hardly any debt - this is easy pickings for someone
3) At .30 this is TREMENDOUSLY undervalued - if everyone hangs in there - there are just too few shares to go around if good news hits. Hanging on for maximum gains. Loading up the truck.
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