I agree that it doesn't make sense. But given the way their
share price was targeted already (drove it to $7), its not a bad
'card' to have in their pocket.
Again, I don't have a problem with a reverse split as long as they
don't sell shares to raise cash before/after because thats the really
ugly part of it (dilution of the target price)
Course I usually try to avoid getting in to early cause doing so in a company
financially short usually means the selling of shares for cash.. But even there,
if I can get in at a price at least several multiples from a conservative target price?
Even if they sell some shares, there is a good chance of still getting a 2 or 3 x return
AKA, on this one, in at 17-18/sh? Conservative market cap target price of $350 Mil
based on 5.3 Mil shares. $66/sh 266% return
Some shares sold, now at 6.3 Mil shares, same market cap. $55 205% return
IE< every $10K becomes $30K+ a little...
and if/once sales commence? I am expecting the market cap to move up...
They have just got to stop selling shares (or at least not a lot of them)
IE, at $10 Mil shares, still around a 100% return ($35 /sh)
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