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Re: busterh post# 7034

Thursday, 04/07/2011 12:42:18 PM

Thursday, April 07, 2011 12:42:18 PM

Post# of 96907
I think technically IceWeb bought them (10 million dollars).. They spend no money on this deal.. I just really want to know how much of the 100 million revenue is profit.. They stated cash-flow positive several times, but if all is as they said during CC, really hard to believe people aren't buying just because the financials are delayed.. Only worry I think - event which would drive share price below .22 is if the merger falls through, but that's very unlikely, since there was the 8-K merger document filed, definitive agreement, etc.. etc.. I mean doesn't it make sense that even if barely cashflow positive, they're worth more than .22?
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