Zeev,
Tonight you posted:
<<naber, it is a grave error to assume that because a stock was at $3 when there were some 20 MM shares only, that it could simply go back to $3 with 85 MM shares. You could say it has a chance of seeing the same or similar market capitalization, but that will be far from $3, as a matter of fact that will be barely $1.>>
Your point is well taken. However, I must address a continued misconception on your part as to the number of shares outstanding approximately one year ago. You may recall the following post (to you) on 6-3-98:
Message 4703647
<<Before the $26 floorless leaking convertible (last August) there were some 30 MM shares (give or take)>>
As I posted to you then, "The 20-F, dated 4-30-97, ALREADY showed 49,834,681 shares I&O (up from 13,374,489 shares at 4-30-96...ouch!). This was, of course, long before the "floorless leaking" convertible debs came along."
So, we are instead talking about (at least) 50MM shares, one year ago, instead of the 20MM figure you used. Let's not make the dilution factor any WORSE than it actually is. <g>
If, as you say, TTRIF "has a chance of seeing the same or similar market capitalization,.", that would mean a $150MM market cap (50MM x $3.00/share = $150MM) would be once again be reached and the stock would therefore trade at $1.75 (85MM x $1.75/share = ~$150MM).
BTW, anyone bold enough to "double down" at $0.50/share, who first bought at $3.00/share a year ago, would be dead even under your market cap scenario. with the real fun yet to begin.
Regards,
David Pickering
P.S. Did you close the PP today? The potential investor we discussed has been traveling abroad for the past two weeks and was incommunicado. |
