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Strategies & Market Trends : Value Investing
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To: Dale Baker who wrote (39467)9/28/2010 4:44:14 PM
From: Mattyice  Read Replies (2) of 78750
 
shia labeouf likes it too, maybe you can include him among the people who like this stock.

What do the analyst care if this stock is worth something or not, if it fails they can just attribute it to how they were mislead. They are just taking the "proved" reserves in there BS NPV models and throwing out a number what this thing is worth. You do know the analyst game dont you?

Have you looked at the balance sheet? They have dwindling cash, operating cash is horrific, they can barely get anything started, they are going to have to keep diluting there equity to no telling what, and numero uno they are using a short term credit facility with Clarion Finanz and known stock promoter Carlo Civelli on 10% terms that work out to be paying at a rate of 19.86% worse than a sub-prime credit card holder.

Not to mention the number of press releases... amounting to what? What do they have to show for it? If they had all this tremendous potential why are they having to finance themselves like they are? What the hell is an ipi cash call?

Just my opinion, i just dont see the numbers adding up. The thing is either worthless or the shares will be severely diluted.

I am looking at some out of the money puts as well spek, but they are expensive and if this thing moves quick i am not 100% certain if you will be able to get out of the position. ??
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