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Thursday, January 20, 2011 8:50:33 AM
However, a brief overview of their 10Qs for 2010 paints a very, very bleak picture. Bank overdraft fees? Are you kidding me? Top-line revenues declined every quarter. They are burning through cash at an alarming rate, which means the only way they can keep their doors open is through more dilution, just like you said. The problem is that dilution is going to become more and more expensive to existing shareholders as the OS increases and the pps decreases.
This company might succeed long-term, but there is nowhere for it to go but down over the next 6 months to a year. It is likely headed to $.001 or below by the end of this year, and an eventual reverse split at some point.
All in my opinion, of course.
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