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stark12

05/27/10 7:43 PM

#28420 RE: davidam #28419

All will be revealed eventually. Assume nothing.Don't get me wrong, I would like to see the terms of the financing and determine whether or not I think they are favorable. However, the financing was done to provide capital for expansion of the 1World Card locations. We really need a better understanding of the revenue generated from each location and the operational costs. If a million is spent to finance something that generates 2 million in profit over the next year, that seems like a pretty good arrangement. Truth is we don't know what the projected income from expanding to 10 locations by the end of the year is going to be. I don't think it will be any time soon that we can say much about whether or not the financing terms were a good deal or a bad deal.

ryall12

05/27/10 8:40 PM

#28424 RE: davidam #28419

that may very well be some of the news we see next week or the week after.
we know shares authorized, we do not know if they were issued yet. perhaps he has not finalized terms. perhaps the prospective investors are waiting on some news and to see how pps shakes out.

in other words, we may get big ground breaking news well before the audited financials. what if next week we get some great news, pps goes up, then the week after we get an 8k showing favorable financing terms?
but you are right, things need to be proven and made transparent yet at the same time these levels have great support making the risk minimal.

and stab, this may not be 'school' but we are all teaching and learning everyday. especially those new and experienced. taking a hard line stance, especially when new to something, without even considering other opinions perhaps based upon knowledge one does not have yet is detrimental. if we go about things that way we will always be waiting for others to determine outcomes for us.
also when expressing an opinion if one wishes others to see and agree with their point, and if that is not the desired effect why post here, it helps to be articulate.
i did not point it out to make fun, but to help as your points are taken better when expressed better. plus you just kept repeating the same thing no matter what others said so i figured that would garner a different response, which it did, and perhaps actually open a dialog.

so to show i am not playing favorites, and that it happens to everyone as these posters are mainly pretty articulate, lets work on 'your' verses 'you're' :)

i hope you're right.
i agree with your opinions.

and faycal, nice chart. i dont know triangles yet, am off to go and learn that drawing technique. thanks for sharing! but agreed on price target. every day we consolidate here and ride the new line the higher the top channel bar goes meaning the higher pps can go with a run before having to break resistance.
ie that blue line on faycals chart is above pps at 28 or so today. next week it will be at 30, but lets shoot for the upper blue line at 60!