Wednesday, April 04, 2012 5:30:10 PM
If the Numbers come in lighter than the 400-500k forecasted by some on the board for Q1 I believe we will stay in this price range, maybe if we were trading at 2 bucks or more and they came in light, yes some would be more inclined to sell.
But come on 1.13 PPS
I think the worst of everything is already baked into the price.
Mike, you are on a fair point in my opinion. At what point does the market have Q1 baked into the price because as we both know the market anticipates events well with JBI. And to fully answer that question I think it will depend on where the quarter actually comes in from a revenue perspective. In other words $350k is much different from $175k for example.
And to that end, we have had some posts like this one : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73994011
And when you dissect that post you realize first off, P2O fuel sales were not broken out for Q4 in the 10K. But assuming we can take the historical percentages from Q2 and Q3, we can estimate something like $175k for P20 revenue for all of 2011. So this poster seems to be implying anything around that level would be a good quarter. But I absolutely believe if the quarter comes in around that level this stock will go down much further.
Reading the 10Kit is obvious that there are a massive number of cheap PIPE shares that were issued in 2011 alone that are available to have their restrictions removed, I am coupling that with the existing behavior of shareholders already getting the restrictive legends removed from over 4MM shares in March. I think we will see an acceleration of that trend if we see revenue at the level described in the link above.
