Replies to post #51313 on Strattner Financial Group (SCNG)

[MoniesTrade]

Yeah, they are going to repurchase stock with working capital! That is too funny. The company showed a $1.5 million dollar loss as of March 31, 2010 and just issued shares for compensation while their working capital is under water.

[cynic2005]

Fascinating!

I would love to have a face to face discussion with DM to understand his perspective of what the market cap of a company with $2,500 of cash, negative working capital, $0 of revenue and $1.5m in G&A expenses a quarter should be worth.

Clearly he thinks it is undervalued, which baffles me to no end.

Maybe, just maybe he should focus more on creating a sustainable revenue stream and controlling expenses in ANY of his terribly run companies rather than to complain about the market giving him the shaft.

At any rate, whoever falls for his deception in this day of age and with the ruins he left behind in his illustrious career so well documented all over the web probably does not deserve any better.

Nonetheless, it infuriates me to no end that he continues to get away with it.