I spoke with the new guy running the deal and he indicated, just as an example, that .10 per share pre-split was a fair indication of minimum value FWIW.
To: jmhollen who wrote (31) 2/6/2006 4:28:26 PM
From: rrufff Read Replies (1) of 363
Agreed - the magic words "r/s and dilution" were used to get rid of the flippers. They are adding value, merging into a larger and more viable entity. This is unusual. If it were just a dilution, dump and r/s scam, they'd have just done it rather than announced a deal in advance.
I spoke with the new guy running the deal and he indicated, just as an example, that .10 per share pre-split was a fair indication of minimum value FWIW.
Message 22138505
Posted by: rrufff
In reply to: Art2Gecko who wrote msg# 6656 Date:2/6/2006 2:42:04 PM
Post #of 183207
There's a new guy in town who's teaching Dennis how to be "smart."
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Posted by: BR549
In reply to: None Date:2/6/2006 2:43:45 PM
Post #of 183210
Looks like this is a planned event composed by Peter Wolfe. I expect the PR's to pick up here and the financials will be out by Friday. Its all good imo
[…]
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Posted by: Creede Bighorns
In reply to: BR549 who wrote msg# 6686 Date:2/7/2006 12:02:47 AM
Post #of 183214
Mr. Wolfe told me on the phone last week that the top priority would be to straighten out the mess that Devries left in his wake. He said that there would be radical changes that would enhance shareholder value through communication with the investors to restore their confidence(I believe him now). He also said that top priority would be getting the financials out, because they would clearly show exactly how undervalued the stock is(guess so..he even gave a deadline...this is very unDevries like). He also said that we should be getting at least one PR a week from here on out. Sounds good to me. He could be lying throught his teeth, but no one can say that he didn't come out swinging. He said he was going to be brutally honest, and looks like today was the beginning. Mr. Wolfe said may other fine things....perhaps a few others should give him a call and see what they think. I know I'm gonna stick around and see what's in store.
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Posted by: rrufff
In reply to: Creede Bighorns who wrote msg# 6737 Date:2/7/2006 6:20:06 AM
Post #of 183216
You hit it right on the nose. My conversation with Wolve was similar. He emphasized that whatever transpired would add significant value to the public entity and was not merely a shuffling of paper to benefit insiders, as is typical of pink r/s. I.e., this would be spelled out in a series of PR's as the details become finalized.
The strategy, I believe, was to get the flippers out, establish a base, and build on PR's of substance that indicate the value, the end result of which arguably would be a much higher share price, pre-split.
In my mind, even more important than the information that will be PR'd is filing under Rule 2-11 with the NASD and their rounding up market makers such that we have a real market and not this current status where MM's pretend to match orders.
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