I suppose CYOE can get another loan, (anyone jump in here) but even if they were to get another loan, I don't know if that would help, my analogy, is dumping 10 gallons of water in a bathtub without a drainplug, sure it hold the water, but its just a matter of time before it is all gone again. They lose like 6M per quarter.
Now if you or I were a loan officer we would never give them that money, but these are the guys from Diana, so expect the best as far as ablity to get loans based off of bad fundimentals. IE they could get a loan. Amazing but possible
Remember they loan people could not want them to buy SYSteam, so they don't give a loan by 3/18, SYSteam walks, they get loan after that.
(These are scenerios only anyone please step in.)
Okay here is my worse case for CYOE for the Long (clearly labeled huh?)
1. Loan does not go through
2. SYSteam steps out of deal, announces previously unspecified failure to complete deal penality obligation for CYOE to pay
3. The Street publishs another article base off of only facts.
4. The SEC anounces penalites for bad practices including insider clearly posting news before PR release
5. Bonus potential: Nasdaq make CYOE the poster boy of what can happen to you if you have insiders on message boards manipulating stocks, and repeatedly uses them as a "for example if you do this, this is what can happen to you"
Bottomline, is that whatever CYOE is doing now as far as trading is
is really not too significant, although a few days ago I believe an organized squeeze came in and left after the lack of interest and reading the fundimentals.
News any day now certainly by the 18th |
