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Jean Claude, I agree with Dave. Obviously, my feelings are well documented. I hate to belabor the obvious, but here goes. First, Tokyo Mex started this thread with a statement that the new british investors would be bringing in valuable assets which (in George Levy's words) would 'propel the company back to its old high of 4 dollars a share.' Of course, that's now 48 dollars after the split. In any event, we can assume the british are going to do something positive (well, maybe you can't assume, but, as I've said, I can be naive). Then, in the press release a week and a half ago, the statement was made that there would be a "major press release" regarding the future of the company (or something to that effect). Anyway, my point is that everything leads me to believe that something big is going to happen. To sell now when it's 50 cents pre split (the same price as on the day of the shareholders' meeting March 6) would be an act of impatience. Not only am I not selling until the news is made public as to exactly what the british are bringing to the company, I'll probably by more shares this week. My final point is to ask yourself what bad news could possibly be on the horizon. None, that's what. The british bought the company to add to it, not subtract. It's not like the company has an ongoing business, and might report lower than expected earnings, or have a drug not get fda approval. This company has only upside since, let's face it, it doesn't have anything going on. The magazine hasn't even been published yet. So, my critical analysis leads me to the conclusion that the british will be adding something significant to Megaworld which will result in a greater than 6 dollar stock price. And, I think it will be much greater, given the float, short interest, and current market capitalization. Good luck. |
