I seriously doubt that. Keep in mind that this is one of the world's most hated stocks due to dilution, barring perhaps Dry Ships.
I certainly don't expect over a buck per share after financials are released, but I will definitely jump for joy if that's the case!
I'll be thrilled to death if the share price closes at 50 cents the day they report. But I hope that you are right and I am way off.
I learned not to get my hopes up with this company. If it wasn't for Intercloud reporting bad news, they'd rarely have anything to report.
I'm still keeping the faith though. Mainly because of their recent Computer Associates deal and their much too low market cap (assuming they really are close to eliminating most of the toxic debt.
What makes me nervous though is this:
"... we filed an S-8 registration statement to be able to utilize our stock to pay outstanding professional fees owed.”
In my opinion, that reeks of them "currently" being destitute. But I don't care, if they "truly" are close to being cash flow positive as they purport to be. It's just difficult to know if Munro is being honest with us, with his reputation and all.
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