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inxy

04/27/07 9:38 AM

#44155 RE: ThSeeker #44114

Well put an I agree with you Seeker.
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rrufff

04/27/07 9:57 AM

#44165 RE: ThSeeker #44114

Thanks ThSeeker - you are one of the calm heads out here. I would agree with you if the share price were even 1/2 of proposed buyout. In my opinion, this stock will never reflect the underlying claimed assets unless there is a buyout. Even audited financials per GAAP would not help (other than with general credibility) as the assets are listed at cost, except for footnotes and certain rare tools where there can be a write-up. Value of reserves relies on expert opinions unless there is a cash offer and you will always find bashers who will say that those opinions are biased or worse. All opinions have caveats and disclaimers and are based on assumptions.

One can argue that there is a scam to steal the value over .55. Personally, I'd rather see that scam as we all have the opportunity to buy in at 1/5 of that, than the scam that is more typical in pinky land. Once the cash is shown, then the stock would go to the buyout price, give or take a few, with kickers for "white knights," etc.

Even if the deal is accepted, the stock won't go to more than about 1/2 the buyout, until evidence that the actual cash is there for payment, simply because of the poor reputation of pink sheet stocks in general, and the less than transparent history of Russian stocks.

Again, all this is just my opinion and I hope I'm wrong and that you get the multiple dollar per share gains that you feel are coming. As for me, I'm playing it simply on the odds. If it's a scam, I know my loss from here. If it's not a scam, the company will accept the buyout and it should be a 5x bagger.