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Re: qwertytrader post# 40909

Thursday, 09/01/2011 4:36:47 PM

Thursday, September 01, 2011 4:36:47 PM

Post# of 148373
I suspect that SEEK will vascillate between high teens and low-mid twenties for awhile until we approach the release of Q3 financials. At which point I see a jump in pps, perhaps reaching the 52 week high of 0.0048. But we have to remember that there are flippers and shorters here who, along with MMs manipulate the pps. Due to the O/S of 2.5 billion shares, we cannot expect to see pennies until something is done about them.

Even at a penny, the market cap would be $25 million. At two pennies, the market cap would be $50 million. At 5 cents, the market cap would be $125 million. And at 10 cents, the market cap would be $250 million. SEEK is not worth $25 million, let alone $250 million...at least not yet. What I hope for is the reduction in the O/S (which would automatically raise pps) via a share buy-back/retirement. Then I wish for SEEK to be acquired by another company. These are the two events that will make the pps raise to the level which would make many here millionaires.