Replies to post #14494 on Finjan Holdings Inc (FNJN)

[Det_Robert_Thorne]

Stock price no concern. Health of company is.

My concern about COIN is whether or not it can survive only on the fertilizer business.

A couple of years ago I thought so. Now? Not so much.

Partly due to the economy, fertilizer sales in the West are down, and the Gonzales plant, which used to be cash flow positive three quarters out of the year (Q1 - Q3) is now only CFP in Q1 and Q2.

Add in the facts that Gildea and Allen's salaries will likely total 20% of revenue and Bill Gildea will receive over $7K in interest on a loan that should have been repaid years ago, and you're looking at corporate expenses that are wildly out of control relative to sales.

Will selling their vertical farming segment (TerraSphere) help them? Not much, because they're getting ZERO cash for it.

So they'll continue to lose money and will go bankrupt unless they can find additional financing.

BTW, that financing will likely be dilutive.

Maybe there will be a small pop on the stock price heading into the end of the year as Iroquois runs the price up a bit to facilitate dilution after Jan 1.

OTOH, we could just as easily see a lot of selling as we approach the end of the year as people lock-in their losses for tax purposes.

Maybe instead of an EOY run by Iroquois, they'll do it the first week of the new year.