News Focus
News Focus
Followers 141
Posts 3890
Boards Moderated 0
Alias Born 08/21/2009

Re: koolmc post# 1068

Thursday, 02/23/2012 1:12:59 PM

Thursday, February 23, 2012 1:12:59 PM

Post# of 39285
I just went through all the filings. You are correct, the convertible notes are all paid. The company is currently making monthly cash payments on the remaining $250,000 loan. I think what we are seeing on the ask now is the remaining balance of shares converted to note holders. If the company can continue with cash on hand and the $729,000 line of credit, then we will get a good bounce here once enough volume shows up to chew through the impatient retail traders and the remainder of the converted shares. In my opinion, one good volume day (not including t-trades) can change the direction here drastically. I think we will have a safe trading window of approximately 8-12 months before any future dilution hits. I am not concerned with dilution at this point.



Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today