Greg,
I read your profile before my October 9 reply. I believe what you are missing here is: This company will increase revenues and has produced a deal, which will be beneficial to shareholders. Who will the shareholders be? Now insert, Leigh McBain's valuable insights and comments. This unfolding situation will be played out according to
Fairmile's and ECO timetable, not ours.
Possible considerations:
Assuming 20,000,000 shares fully diluted. ECO will have 2,100,000 shares, Fairmile management and friends 6 - 8,000,000 shares, Midas Fund 1,000,000 shares [ surely they will have taken the opportunity to
average down ] leaving for arguments sake 10,000,000 shares out and about. Every 1,000,000 shares purchased at .50 or less returns
conservatively $ 2.00 thats a pretty fair return over 2 -3 years for
those who are patient. I too have worked the numbers many times and believe strongly this stock to be grossly undervalued. I remain convinced there are many things we have not been told.
You list in your profile 5 years experience, I have been playing the VSE and ASE for 32 years, sucessfully completed the CSC in 1981. Note,
I said playing as I don't consider these plays investing but a sophisticated form of gambling. Regards willyum
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