TNRG Tianrong Building Materials Message Board

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Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.000200

0.0%

Nov 28 9:30 AM EST

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To: Joe Copia who wrote (568)	3/26/1998 5:04:00 PM
From: Josh Ingram	Read Replies (1) of 9824

I still feel the company made a botch of the press release. The stock corrected accordingly. Here's how i arrive at that conclusion: was worth 0.4 * 25 mil (outstanding) = 10 mil $ market cap before news was released after close yesterday. After news, we have the same market cap of 10 million $, but 35 mil outstanding. Stock price corrects to: 0.28. It seems thats fair value for TNRG as of today. The investors have accorded it a market cap of 10 million for its assets, and goodwill. I'll continue to use that market cap for my calculations; unless ofcourse something fundamentally changes. These could be, but are not limited to: 1. Further change in shares outstanding. (remember the 35 million are outstanding today. Reducing 8 million further as the company expects, should be good, and take the stock to 10 million $/ (35 - 8) = 0.44 If they botch up with their PR as they so nicely did recently, the share holders will be confused, and thats only expected. Part of running a company is to be professional while doing it. 2. Changes in product mix and report of growth in earnings. This is obviously the best way to increase shareholder value. Cancelling shares can only take us so far. TNRG's business is more important here, and I'd like management to concentrate on that , instead of trying to squeeze the shorts full time. Its a nice gesture, but longtime, business prospects and earnings are core competency. Long TNRG - no flames please. i'll not respond.

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