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Non-Tech : Shearson Financial Networks Inc. -- Ignore unavailable to you. Want to Upgrade?

To: TheAccountant. who wrote (172)	7/24/2007 4:19:59 PM
From: otherbrotherdaryl	Respond to of 314

I think people are in denial. And that guys math is off at least 50%..... probably more. I quit trying to figure it out once I found the first error. It's common sense that the reverse split is to cover the near 10% of equity leaving the door every month to La Jolla, AJW, and the rest...... If they sold some shares or did another convertible loan, they might be able to acquire another cheap mortgage lender/originator. But these toxic deals are like a coke habit....... once you are in a pretty good way, there's no turning back, and the cycle becomes more and more vicious and toxic until the company just can't survive any longer. One or more of the deals have a penalty based on share performance relative to .025. With the share price now less than 96% of than benchmark, you know SFNN is getting clobbered in a horrific way. And it was that deal itself that got them in this position in the first place....... And all for a few million bucks! Is that bad management or what? SFNN sucks. I liked that SfnnInsider post about prayer. Pretty damn funny.....