I'm not sure what you're talking about. "The convertible preferred shares will amount to a couple of billions"...are you kidding me?...that's the most outrageous claim I've read since being a moderator of this board. I believe in this company and the CEO - Mr. Thomas Scozzafava - a straight shooter period.
Posted by: gonzilee
In reply to: THE--EAGLE who wrote msg# 53227 Date:9/27/2007 8:11:47 PM
Post #of 53238
Yes, but if you take a look at the likes of those who have returned to this stock, it is on the basis of a pump and dump type of momo...not fundamentals. The last two notices that Tom released (updates) about the upcoming filings and acquisitions opens a window for a much, much different share structure than we currently have. The increased os in the past week has given us a taste of the increases that are to come, imo. The convertible preferred shares will amount to a couple of billions and will probably be even more since Tom's upgrade of 100% of Wisebuys. He is not even hinting toward a non-changing share structure, but people are once again talking about .10-.15 pps again. I am not getting caught up in the HYPE of this. I watched the tape today and it looked dilutive on the ask and shorting at the bid. I don't expect this rise to hold, as the flippers exit in the morning. I'm actually selling the shares I bought mid morning too. I will NOT hold through the the wait for the 8K, as I believe that it will be a blookbath once people digest the new share structure that I anticipate will blow our socks off.