Cos,
You can't be serious on this,
Why in the world would a public company's insiders want to gain controll of the co from the public, You make it sound like ERGB is doing this so they can keep all of the money they make for themselves.
I got news for you, The stock went from 15 to 4, that is $65 million in market cap. If they pumped and cheeted and lied and all the stuff other companies do, they could have driven the stock to $30 or
$160-170 million market cap. Done an insider secondary of 2-5 million shares with about 10% of proceeds to the company.
They could be done with all of that now.
They could be sitting on their yatchs in the carabien eating lobster with 20 million in the bank.
That is what every other high flyer out there has done.
Most likely they never had the fundamentals to pull it off, and the stupid family fude surrounding most of their products torpoded the hype they were generating.
Cos, You are either in it for the money, or you want to change the world. Bill Gates changed the world, (he was after the money at first) But when IBM said Here you do it, we are not intrested in that, IBM was after the money.
Maybe we are just early. Maybe ERGB needs 1-5 more years to build enough fundamental strenth to get hype needed to do the secondary at $30.
YHOO, they only need 2 years, buy they are on the internet.
Maybe ERGB should sell chairs that way. :)
Cos, I hope you don't get the inpression that I am some unscrupluous guy just trying to figure out how to pull one of these moves off. I an just talking about the way I see it.
Jim |
