UM....Thanks...but Tilton is doing just fine.
You know, I hear some people on threads claiming the price of their stock is way to low, but they never offer any reason why.
Here is why I believe TNRG is far too low in price currently.
Let us pretend that the absolute worse happens.
Let us pretend that TNRG has to file Chapter 11, restructuring under the backruptcy provisions.
What Debt does TNRG have.
Well, first there are the debentures on the shopping mall.
OK, here you go, here is your 80% stake in the mall back.No more Debentures.
What is next in the line of debt... ... ... ... ... ... ... ... ... ... ... ... ... ... ... .... ... ..... ..... .... .... .... .... .... .... ... ... ..... ... ... .... ... ... ..... ... ... ... ... ... ... .. .... ... .... ... ...
That is it, isn't it. No other creditors.
No loans, no reg S. Nothing.
What assets does TNRG have to put up against the 50 million out standing?
Well, first there is the 90% interest in the USBL franchise.
Even if you discount the potential Revenue in the franchise to zero, you still have a value of $300,000 or $270,000 for TNRGs share.
Calvocade of Boxing. TNRG owns half of that. It is making money.
The tech devices, are they worth anything? I think they are. OTher people think they are.
How about the BRIAA shell. TNRG owns that too. IS it worth anything? Tilton got a great deal on that Shell you know.
Point is, TNRG has next to no debt, with quite a few project coming together.
Rent at Kew gardens isn't all that substantial, and it is shared by other companies.
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Let's look at a couple of companies that have filed Chapter 11 recently for comparison.
APTX (Apparel Technologies)
Last time I looked they had 46 million shares, and about 11 million in Debt outstanding, with no assets. Currently in litigation, being sued by one creditor, also currently counter sueing that creditor.
The business is shut down, no going concern. no employees, no business address.
APTX closed at 4.9 cents yesterday.
does that make sence?
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AGTI (advanced Gaming)
Curently, some 110 million shares (after 4:1 reverse split)
Several million in debts, no source of revenue.
No fixed address, currently in Chapter 11, Dan Scott new CEO doing his best to turn it around.
Closed yesterday at .0055
now with 110 million shares, that puts this Ch 11 company at a market value of $605,000?
Now don't get me wrong, I am watching to see if AGTI can pull off a comeback as they wre once a NASDAQ company......but man
with 50 million shares, TNRG is only valued currently at $900,000
Want more, I have tons of examples.
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So what am I saying here. That the price of TNRG is stupid. Of course I am. Do I forsee a short term change in the price? No!
Can I explain why it is so low? Yes, but it has nothing to do with TILTON or TNRG and everything to do with supply and demand.
Am I suggesting that any of you buy more shares!? ABSOLUTELY NOT. I don't think most of you have the stomach for the pennies.
I'm not insulting you here (not trying to anyway) I just don't see the kind of dialogue on these threads, that indicate a 5 year outlook.
I have said all along that my goal was to accumulate 300,000 shares and wait out 3 to 5 years, for the whole project to come together.
I have seen Condo projects take longer than that.
With the price this low, I have been able to accumulate more than 3 times my origional goal. Hooray for me.
I think the majority bought in in the teens or up, because of Hype by Big Dog and a few others.
THose guys don't even research the companies they go in.
They pick a company that is low in price, they send out 50,000 emails, to get a buying frenzy, and they dump their shares into the buying.
When the music stops, a lot of people end up holding over priced shares.
It is unfair, and hopefully sooner or later they get hit by a bus, or end up in crowbar motel.
But, the crime, really wasn't TNRG doing it.
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What blows my mind is this, someone on Raging bull stated they had 600 shares in TNRG and that they told TILTON thaat if he didn't have the financials out by Sept the price would tank.
Here is what blows my mind.
Evven if TNRG was at $1, this guy has $600 worth of stock.
At current prices he has what..$13
Even if you go to the high of 45 cents, he is still under $300 invested, but he is telling TIlton how to run things.
I don't presume to tell TIlton to run things with just over a million shares (which by the way is no great accomplishment)
But well, whatever.
I know of 4 other people in the million share club, plus I know that friends of TIlton have 4 million shares tied up.
Sooner or later, the whole float wil be eaten up.
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You think this is bad, Last week I day traded AMZN quite a few times, and made some decent money.
That was from the $145 to $175 range, up and down.
Point there is amazon lost $1.75 a share last year.
What do you think will happen to the people who bought at $220 this week, when the music stops, and someone on CNBC finally says what we all know, that AMAZON and Yahoo are the best examples of a ponzi scheme I have seen in a long time.
IF I phoned you and said, hey want to buy shares in my company for $220 each? I only lost $1.75 per share last year. Would you buy long term?
That, is nuts.
Not the $24,000 I have in TNRG.
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