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Re: Nebula1 post# 4028

Tuesday, 06/21/2011 2:16:17 PM

Tuesday, June 21, 2011 2:16:17 PM

Post# of 18730
That is smart! There is going to be about 200,000,000 shares bouncing around this year once they are all converted and unrestricted, and with the only stock holders equity of any significance being the goodwill value COIN paid in shares for Terra, when COIN shares were still at .60/share, that goodwill value is now worthless. I suspect COIN has less than $2 million dollars in real assets, and stock holders equity left right now, so do the math, that works out to .01/share book value if Terra does not start closing sales, and they have had no sales since the merger, and the fertilizer sales were flat lined last month. Rest assured they will try to borrow more cash with more convertible debt this year, why else the 300 million share increase in the AS to 500 million shares!


Ambition with out knowledge is like ship in dry dock. Going nowhere fast!