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Re: clownman1 post# 5364

Monday, 03/07/2011 4:44:28 PM

Monday, March 07, 2011 4:44:28 PM

Post# of 8575
I'm happy that Meller expects a banner year.

That hopefully means that he can pay off the debt, or at least make a significant dent in it and refinance the rest, preferably with someone other than YAGI and for a longer term at a better rate than the current (if I calculated it correctly) 10%.

With that debt repaid or refinanced, Meller can convert his debt to shares. The stock price would then probably trade between $0.0003 and $0.0004, maybe a little higher as revenue growth continued.

I would be fine with that, as $0.0004 would be 4X my buy price.

Eventually, if I were Meller, I would initiate a reverse split, maybe 1:5000, putting the price at $2.00 with 6M shares outstanding. I could see this happening in 2012 or 2013.

That would create a situation where EPS becomes meaningful, and the stock can trade with a bid/ask spread of $0.01 to $0.02.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y