Covad Communications - COVD Message Board

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Technology Stocks : Covad Communications - COVD

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To: John Erb who wrote (9837)	12/2/2005 6:23:45 PM
From: Harold S.	of 10485

OT John, You certainly have some valid questions. However, consider these points. First, the AS is 5 billion but right now there are 1.8-2 billion actually out there and 500 million actually in the float. The company has retired 200 million shares recently and plans to do a major stock buyback in the near future. In addition, they have recently purchased two profitable companies and are nearing completion of a very long and complicated audit that will lead to their move to the OTCBB which will give transparency with regards to financials, etc. Finally, the price per share is currently .0064. The BAD of this stock, I believe, is already factored in at that price. If the audit is announced along with the move to the OTC the stock becomes, in my opinion, 5 cents per share EASY. That doesn't sound like much but from where I am averaged in at .008 per share that is a 6 Bagger. There are plenty of skeptics and all kinds of nonsense flying around, but I have personally verified some of the information that others still deny has happened. Due your own DD but there is money to be made in this stock. Have a great weekend!!

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