Replies to post #36776 on TheDirectory.com Inc (SEEK)

[Atlanta1]

yep - the good news keeps on coming, and Scott keeps delivering.

again, the pump earlier this year that got the stock up into the .004's has really put a short-term drag on the stock. there are a lot og bagholders, and people are understandably gun-shy.

but the company is progressing nicely, and it's only a matter of time before the stock price starts to reflect the positive outlook.

this seems to be a great time to be accumulating the stock at such a low level. imo, of course.

[Snevey]

Well, the debt really didn't disappear. He just shifted the burden to us, the shareholders. Here's what is most likely going to happen, next year, around conversion time. There could be a reverse split. That would allow A LOT of breathing room in the O/S to A/S cap room to allow for the conversion of preferred to common shares. This reverse split will get us to the price of the common shares that someone calculated being just shy of $.01.

Now, this is clearly my prediction and only that. Perhaps there won't be a reverse split. Perhaps we will be an extremely profitable entity and be able to purchase some of the common shares and retire them. That could also help reach the predicted, calculated PPS that was mentioned on here.