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Tuesday, December 13, 2011 6:09:40 PM
Today, the stock has a lower end value of, what, .10-.25 maybe? It's a guess until we see the asset list and NOL ownership. But the EC wouldn't have agreed to a settlement valuation of .01 a share. It's so close to 0.0, they would have sent it back to the judge with no deal. So I say .10-.25 is a reasonable guesstimate for now.
Here's my point. Holding at .06 when it had a lower end value of 0.0 was a risk. Holding at .096 when it has a lower end value of .10 has no risk. Even at .08, it has virtually no downside.
I don't get those rushing to sell at .096 and then talking the stock down, saying their calculations show blah blah blah. Whatever. It's a pretty transparent attempt to try to buy back in lower. Good luck with that. Just don't miss the train before it leaves the station while you're on the platform scratching your ass. After years of waiting, do you really want to chance missing the final rally to make an extra few percent?
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