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Post by ToddCT on Dec 21, 2004 12:31:40 GMT -5
I am seeing over 100m shares being traded a t .0001 today.
This might mean that the company is raising money for something. It could for operations (I don't think this is true becuase supposedly the company makes enough cash flow from its business units) More likely this is for another aquisition that the company wants to make but has to make it with cash this time not stock.
Anyone who wants in at .0001 can probably get it now. I already have a fairly large position (not quite as big as CMKX though)
T
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Post by stevpot99 on Dec 21, 2004 19:48:40 GMT -5
I have never seen them looking for money al I have seen is that they are aquiring companies by giving them shares
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Post by stevpot99 on Dec 21, 2004 21:33:05 GMT -5
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Post by stevpot99 on Dec 21, 2004 21:42:26 GMT -5
Float 21 Billion
Restricted 26 Billion
O/S 46 billion
A/S 102 billion
Dan is looking at a target of 50-60 billion O/S with the lions share being restricted when the 6 roll ins that he is working on are all said and done. He reitorated that he would hope it around 55 billion at that time!
Remember that for the shares being issued there is more than there value being aquired!
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Post by Warren on Dec 21, 2004 23:35:22 GMT -5
Looks like more profits being taken away from the weak. It is just a matter of time and these shares will see .0005 or 6 on a regular basis with periodic spikes. Remember each share being used to aquire these entities, that by the way are all operatin in the black, have a value toward the purchase of .0004 to 6 / share. This is exellent value for us.
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Post by ToddCT on Dec 22, 2004 7:50:17 GMT -5
Looks like more profits being taken away from the weak. It is just a matter of time and these shares will see .0005 or 6 on a regular basis with periodic spikes. Remember each share being used to aquire these entities, that by the way are all operatin in the black, have a value toward the purchase of .0004 to 6 / share. This is exellent value for us. Warren, I do own this company, and like it very much, but how do you know all of the subsidiarys are profitable?? is there a PR to back this up? or is it just rumor? If they are all profitable and they have enough cash to pay all of their expenses are are now just growing, then I reall ywill buy more. I want to get up to the 100m range of shares, but only when I have more confidence in the company. T |
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