"2.1 million = 10 cents per share (about equal to inventory)
21 million = 1.00 per share
210 million = 10.00 per share
and so forth.
Possible? Sure. Probable - uncertain at this point."
What is the point trying to be made here?
Possible????? Maybe the 10 cents with an extreme pump and a flurry of valuable PR's right after the reverse split...???????
Anything else would take sales to be *off the charts and the company hasnt seen anything like that since it went public.
*(way way wayyyyyyyy off the charts)
Market cap really means nothing except for a quick value number and the companys borrowing leverage...
ex. right now at 3.25B out the companys MC is 650K
Back in May of 11 the out was 1.5B at .005/share (highest)
equaling 7.5 million in MC...
That didnt stop the company from raising the authorized shares 4 times what it was. Didnt get them any new financing either.. but, why be in debt when you can just take what is offered.
The RS for all issuable shares (AS) is rare.......
Leads me to believe something else is up, from just wanting a jump after the RS supported by increased rev numbers & a PR flurry or a possible cheap buyout scenereo taking the co back to private?
So, if the PPS dumps after the RS, the shares can be gobbled up easily with a cheap offer, considering common shareholders have no say if it is or isnt and will have to take anything the "company accepts" as a buy out offer. Dont believe that it is unlikely for the "owner" to buy out the "public" cheaply then take it private. "thanks for the help guys, but gotta go now".. It's been done before...... 23 mil outstanding at an offer of .01 = 230K
with "all that product on the ground"..... (remember he owns most along with his kids and the class B's) Common shares mean nothing to buy at a penny ...
"reverse split is official and happening Feb 24, 2012."
IS it????? HMMMMMMMMMMM...hahahahaha... :)
All anyone read was the state of incorporation paperwork... Still need to go thru FINRA, get the "D", shares reduced at brokerage level, then come back at a PPS reflecting the RS. Could it happen by the 24th? Depends on the date the paperwork was filed with all entities concerned. IE, all you read was the ammendment to inc., nothing from the "stock trading" side....
Im kinda getting to hyrpwrs side of thinking.... Very interesting stock to watch....(especially since this RS soap opera)...... Good thing I found fault way back Oct 2010 preventing a loss had I bought at .002/3+..... Thanx fer dem early on fotochops Mark, saved me some doe!!!! AHAHAHAHAHA....
:)
