Manchild >> lets set the record straight...no need to lie..you couldn't produce a post then and you cann't do it now..
WHY lie...to discredit the truth??? The truth will set you free.....
Posted by: 3Saints Date: Friday, January 04, 2008 1:09:36 PM
In reply to: NYPDBLUE who wrote msg# 6122 Post # of 15100
Repost the post where I guarantee subpenny by eoy...this is likely what you misread. If you have something else..then post it.
Posted by: 3Saints
In reply to: NYPDBLUE who wrote msg# 5640 Date:10/18/2007 8:17:50 AM
Post #of 6121
Sub-penny >> Depends on how many shares Fife dumps and what his intentions are...does he want to own this thing or just bleed it slowly. If Truloc wins judgement and settles for shares it is over imo.
Since January of this year they have been borrowing 200k+ a month from Fife...may have missed a month or two...going from memory but it is disclosed in filings...that is 6.67 million shares a month at .03 without any discount and he has been getting huge ones...so I estimate at least 20 million shares a month at current prices. At .30 it would have only been 2 million shares >> not bad....but 20 million is unsustainable..imo.
As you can see...as the share price sinks the number of shares to pay Fife skyrockets. They need to get rid of the Fife deal but again..what bank is going to lend out millions to a company that cann't turn a profit??
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