GNET $33 preferred value if based on $68 today is about right ($44 is your number). Take 27,815,369 shares outstanding divided by the diluted shares 43,000,000 equals approx 65%. This is why I say again there is absolute support at $45 (the old $90 pre-recent split, $180 prior split adjusted). Who cares if you bought at $8, or at least bought most of it at $8, now $2 post last two splits adjusted)
$44-$2=$42 absolutely supported capital gain. Today we are still at $68 because of the faith of the rest of the investors, not the underwriters and insiders and Execs getting options or preferreds. And remember we have the money from those sales, and the cash burn rate is not that high...or am I wrong? I would worry more about what is going on with High Speed Access HSAC and Charter Communications, that is a snag that could knock us back to lower supports.
I am,
Truly yours,
-Crystal ball
P.S. Can anyone get Red Hat (RHAT) to appear on stocksite.com, or is that symbol still blocked for some reason? |
