I know! Even if no other news comes out, this stock will absolutely be north of .10 by June-July 2012. ALMOST GUARANTEED- here's why:
Because of the outstanding warrants held by Kenglo, that are exercisable at .10/share.
The fact that these warrants all expire by end of July, and are sufficient to give 32% ownership of the company to Kenglo, mean that they WILL be exercised, at .10, or in the alternative the company will issue shares to Kenglo, to repay the outstanding loan (1.25mm), at a minimum conversion price of .10/share. If that happens, with the share price below .10, there would be a gain to the company from the extinguishment of the debt at a discount.
This is about as close to a sure thing in the stock market as there is. 30% gain by july 22. That's about 60% annualized gain, from yeterday's close- not bad at all.
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