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Tuesday, April 10, 2012 12:14:59 PM
I appreciate the comment, but the truth is there was something to be excited about here when there was only 4.4MM shares outstanding, and the company owed the CEO $1.2MM in debt!!! The potential upside here was very large as long as they became profitable and started to grow sales again after the recession. Unfortunately, we made a massive judgement error, in that most assummed that Mark would take a similar deal as Jerome Mahoney, or if nothing else take a fair number of shares!! Instead he clearly converted at a PPS that was never representative of the value of this company, and only came about as a result of the lack of liquidity!!! There is not one person that can Justify that for 8 years of part time work the CEO of this company should have $12,000,000 in stock when he was owed $1,200,000.
There is clearly no upside, and anyone holding out for presplit prices is foolish since 0.0002 = 0.3622 would be a $40,000,000 Mcap!! This company is not going to be worth $40MM in 5 years!! and the people holding 96% do not care either since they got a 10 Bagger locked and loaded!!
Good Luck on Future Trades, Plenty of other fish in the sea!!! I have Buy orders back in at 4 cents here!! If they never fill WHO CARES!! glad I am done!!
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