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Bjohn352

04/09/17 7:19 PM

#3260 RE: West Coast Snapper #3259

Agreed; also an RS is often a prelude to dilution, but why would the company dilute at the present valuation? no chance of that IMO, because even if you figure just the $14.2 million+ in VC funding, add the roughly $5 million in carry forward losses against future taxes (which AEPP leaves them with), the company is worth at least 5 times current market value. That's the very low end.

Again, there's a lot of risk to this, but I've stayed in because I think the reward is big enough to be worth it, even though most of my friends got out the second they heard RS. This is not a typical penny stock, so I'm looking at it through a different lens.

Like any penny stock don't marry it, but stick around as long as you think it looks good based on the known facts.