Now there is person who believes the glass is half full! Look, the outstanding shares are many, but most of those are restricted...we have , oh,lets say a round 15,000,000 shares in the public float..which, i think it is less than that...at these prices, i mean come on...we are talking about a total value of these shares at something like what.....ok, the calculator says 2.25 million...The company told us that investors gave them 5 million in capital...5 million, thats not small change...if you had 5 million would you do your DD...well so did these investors...so the fact is, that the company looks WAY CHEAP at this level, and may even have a break up value of 2 million. Who the hell knows. What I do know is that at 40 cnets, we have 6 million dollar value in the public float, and at a dollar, 15 million....add in all outstanding shares of 72 million, well that is 72 million dollars. Is that a big value ? No, not if PCBM gets the 2000 location deal together , which they ALREADY announced they were in the works on.
SO I say, R-E-L-A-X....Large deals are complicated and take time...many legal, tax, financial, liability, and structure issues to be handled....that could easily take 3-9 MONTHS to work out. In my view, the upside is phenominal with PCBM, and the downside not that bad...To me, I understand the value of lending real cash to real people with real jobs to pay it back...it makes more sense that abc company . com with a bunch of hits loosing money everyday.
I agree with Syndicated ONe, cheese and others, that we are at a point where we should continue to buy in to what is comfortable to buy in at. I'm in 10,000 shares today, and if it drops to .13 or less, I am in for 10,000 more shares tomorrow. But I would also add that if you cannot afford to lose it, don't do it.
Having personally called and spoken to PCBM in the past, and having reviewed who is running the place, I am of the opinion that management has the backround and experience to make this company go...so I am just waiting for liftoff, and maybe you might want to wait and watch it with me. Patience is the key. This is all...Just my humble,perhaps sometimes arrogant, opinion, of course. |
