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novicetrader1

11/17/11 8:28 AM

#59050 RE: srthatr #59049

Several factors IMO

Delayed opening of factory
No revenues
Dilution of shares to pay bills

Stock opens at .10 as an idea, delays in revenue producing factory, slowly stock goes down. Now there are 2 billion or so shares outstanding as opposed to the beginning where there may have been several hundred million. Now the math of shares OS x PPS = market valuation.

Once revenues come, and they will, PPS will rise accordingly.

GLTA Go SAVW!!!!
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stockreaper

11/17/11 8:37 AM

#59052 RE: srthatr #59049

To answer your question, you need to look at what the O/S count was when it was at .02, and now look at the O/S count now which is appox. 2 billion. There has been rapid dilution. The problem isn't really with the concepts, as I believe they are in a great area, but with the total debt of the company, much of which came when it was Ludvik Capital. Ike has to pay the debt and convertible notes, along with financing current start up. If he didn't have as much debt the pps would likely be in a different arena IMHO.
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Mr Wizard

11/17/11 9:01 AM

#59053 RE: srthatr #59049

I don't get that either, some stocks show a high that the company PPS was never at.
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detailman

11/17/11 9:02 AM

#59054 RE: srthatr #59049

It is called a start up