TS needs to hire new PUMPER boys and pump this back to 8 cents.
That would only equate to 1.6 cents pre-split. (25% of its pre-split high)
Now how hard can that be ... just needs to follow through on his PR below IMO
http://biz.yahoo.com/bw/081008/20081008005638.html?.v=1 Other - Over the next several months, Seaway’s senior management team will be seeking to align itself with a financial party with a long-term investment horizon. To date, Seaway, through creative deal structuring and financings, has been able to establish itself as a significant entity with assets of over $32 million and expected 2008 revenues well in excess of $20 million. Notwithstanding the importance of these financings and deal structures in the creation and rapid development of the Company, the disparate nature and potential dilutive impact of certain of these financings is not desired by management and make it difficult to create lasting shareholder value for all shareholders. To this end, management is seeking to raise significant long term capital whereby certain proceeds would be used to at least partially recapitalize the company through the repayment or elimination of many of these instruments and to also fund Seaway’s core business growth. Although our ability to transact and timing of such a capital raise is uncertain, management is committed to pursuing it, and discussions with qualified parties are already underway.
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