okay gals and guys..some reality is in order...
when we got to eight bucks area the company was doing great with announcements but had no cash..period. so what to do? they issued a bond convertible into stock.. they made a mistake in the processing and i will not go into details as it is not inportant at this time.. the folks with the bonds shorted the stock on a no lose set up.. they shorted down to a buck and still made money. i will not go into the details as it is a sore point to some of us at the time..
anyway, company issued about 5 million shares and got 5 million in cash . bad news..more stock out..good news retired bonds and got five million in cash when they needed it.
then we got friendly folks to buy 12 million shares in three days to force out the shorters. we did and it did..grin..
now to current reality. company has exactly what they say and just read what the company says. if one does not believe the company, thats fine, just sell and move on..
but supposing you believe like i do.
compay has four million in cash and committments trials and new product introduction.. they have fixed and variable expenses. if they continue as they are going they can fund themselves till they get their products out and generate cash flow.
now some would like them to spend money they do not have and go out and research everything, hire workers and so forth.. how would they pay for this? the folks who want instant action don't care to provide the answers..
so just thinking out loud..they follow the game plan as outlined by them .develop products to sell as hers.. figure out how to get the word out they work against aids and cancer without getting into a contest with the fda as to wording..then, after establishing sales, spend money to continue for fda approvals..
as to telling the world what they have in products..they have.. why is the price not higher? simple.
once they ship product by next march.. we then see if the public buys it by word of moputh.. if it works we will not need anyone to spread the word.. the public will do it for us.
regardless of what prln says now..they are not ready to ship and sell. they willbe ready by march
my rasoning for all the above.. just talking.. i look at it as a story that will be out within 12 months. either we have it or not. if we do..i want to have the biggest position i can afford.
i have sold lots of issues too early..this is not going to be one of them
just ask richard about emis.. in at 12 out at 20..goes to 27 then down to a buck or so. then up to 17..
realize the potentials on picking highs and lows.
i was in prln at 2.50 sold lots at 7 to 8 area.. bought and sold 50 ttimes at least..sometimes three times a week..in and out. allwasy kept a core position.
just picked up a bloc last week to add to my portfolio. yes i will sell a bloc ove 3.50 but it will not affect my holdings,
buy at 2 and 13/16 nd sell, say, at 3.50.. you figure out the returns..
anyway, hope we all get rich on this one. i am a believer, but, that means you folks got to do your own homework.. read their press releases, call the company, read this board,,, put it all together and then do whats good for you.
however, remember, it takes time to prepare the public and to have product to ship.. not press releases but poduct and proof of results. then we can talk about stock real price..grin.. |
