I got back on. Judging from what I heard nothing is going to happen in the short-term. Lately, for me that's all I am trying to do in pennies. I got burned last year by sticking with some BB companies for too long. I sold out today, I made $16 after commissions :-) Better than losing. Basically, they mentioned a financing deal with a major bank is coming soon, but would give no details. Supposedly, they have been talking about this for a couple of months, so personally I wasn't sure if it would happen to soon. They would not rule out more share dilution. They were asked twice, about it, and never answered it. They would not rule out a 4 to 1 reverse split, that was "shareholder" approved last year. They did say they would most likely not do one. They would not say how they have financed operations over the last few months, and did not rule out that they were selling stock. The positives were that they are moving to Las Vegas. They seem to have a good strategy in place to make money, and Tom said they would be profitable in the fourth quarter (IMO, that may be when this really moves---to long away for me). The SEGA 5 million share buy back is a positive and negative for me. They would not give any details about it, and they said the the buy back was "UP TO" 5 million, so there is no gaurantee that all 5 million would be bought. Kind of like when you get those credit card offers for UP TO $100,000.
Looks to me that they have a positive future, just too much in the future for me. Just my opinion! Please no flames. I am just answering a post, and since I sold, I will be leaving the thread.
Good luck!
Rob. |
