Again Burnsie,
Stick to bum kissing and check the color of your tongue. Stating that there is an incentive for PA to let this go under is so incredibly absurd that it really doesn't deserve an answer.
As I've pointed out, your record as a trader is just as bad as the rest of us and this being the greatest bear market in 15 years.
Now go back and get your probe ready if you can find it, Brownie's waiting for you.
As for MCOM - if you want to stick to the topic, tell me how anything is new. If you have followed MCOM, you would know there were parameters of the amount of money that had to be raised. You would know that it was going to be raised in stages, starting with the PA and WCOM pieces of $300 million each.
MCOM lucked out and financed the next stage at the equivalent of $87 a common share. The market was great for the stock and they lucked out.
Now the market is down, shorts are in control and they need to raise a final amount. None of this is really a surprise. MCOM is down because of the market.
S&P does not say MCOM will NOT get the money. They are merely stating the obvious, that it's not easy to raise money in the market today with stock selling for $6 as opposed to stock selling for $87.
It's a self-fulfilling prophecy. This story is now built into the stock. At some point, it will become apparent that at worst case, PA will bail MCOM once more OR there will be another alliance OR the stock price will rise and financing will be easier OR Phase III will be delayed.
If ANY of those scenario come true, then the FUD that has been posted so well by shorts will NOT be true. Only if none of those alternatives come true will the stock go under. I think, at this price, it's a great speculation.
Think of it this way -- at 6 1/2 a double is 13, half is 3 1/4. I admit this is a bad market and shorts are in control. At some point, you guys will be tripping over each other trying to get stock. When will that begin? |
