Another thing to consider: One of the reasons for the continuous selling, (if you don't buy the short theory, which I don't), is
that Robert made the company fully compliant (as opposed to fully reporting, which is completely different) in late April. Why is this significant?
According to SEC rules, restricted stock cannot be sold unless the company whose stock it is is fully compliant with minimum reporting requirements. The fact that it was
not in compliance for a year or more prior to April meant that restricted stock holders couldn't sell. Now they can, and do.
Could it be that a major portion of the selling since April is just all that restricted stock getting dumped so that people could use the funds
to buy Yahoo or whatever? If that's the case, a large part of the selling is probably over, and a falling general market cools the desire
to invest in other stocks.
Now, my question is, assuming a .34 stock goes lower, does anyone want to guess at the break-up value of company assets
to a vulture buyer. I feel strongly the assets themselves are likely worth near .34 themselves. That is, at 23 million shares (guess),
aren't the assets worth at least $5-8 million?
Everybody take a chill. The story on this stock will not be complete for months... |
