I think we can celebrate that the company has at least one hard asset that it can try and maximize revenues on. The question is how much will that asset eventually bring in? Add to that the other assets: Grizz 1 percentage ownership, Grizz 2, and soon to be After Sex, Held for Ransom, and Andrew Dice Clay. Presells are what... about $4.5 million? The company's market cap is what... about $6 million... to be generous. Add in any cash they have and you are about there. What is the risk at this point? Assume they just finish the projects they have now, monetize the assets, close the company and pay out the cash and my guess is you would actually make a profit from today's price. So I see little downside at this point. In fact I almost feel like we are paying about cash value for the company. So anything above what is already out there is gravy. Shareholders in the past have been hosed by the ballooning of the shares under the old health club company. But that is the past. Looking forward, I see little risk from here. TC is a financial guy at heart. Let's see how well he maximizes the assets and what he can do going forward. So, LT, if one is a new shareholder like myself, I see plenty to celebrate: the financial structure of the company was savaged, investors have lost money and puked out the stock driving it down to a level where I can scoop it up with little risk since asset value of completed projects, soon to be completed projects, and cash are probably greater than the market value of the stock. And better yet, the fundamentals of the company have been improving during this time with new management, and projects! Doesn't get much better than that! Break out the fuzzy navels, pink umbrellas, shirley temples and celebrate at the SFGLFF! (I assume that is what they will be serving there...)
-Dilution |
