Sounds interesting!
Ok, let's say the scum bags screwed us and we have approx. 70,000,000 shares out (a little less). Let's say he have a product. Let's say we can sell the product. Let's say we can make $5,000,000 net after-tax income on 70,000,000 = $.07 per share x 40p/e = $2.80.
In otherwords, if the product is good, we can still make a little and get the price up. If we reverse the stock 1 for 3 we get 23,333,333 shares and $5,000,000 / 23,333,333 shares = $.21 per share x 40p/e = $8.40.
Yes, I may be dreaming but what I want to get at is EVEN WITH THE LOUSY 70,000,000 shares we can still make do and correct the shares by reversing the stock and going to NASDAQ. Correct the corruption and sell the product. I don't mind seeing my shares cut to 1/3 as long as the company is moving forward with POSITIVE EARNINGS!. They could go with a 1 for 2 reverse split and end up with 35,000,000 million, very reasonable.
I'm just thinking about the possible outcomes here if we end up with all the current shares and can stay in business.
Aloha |
