Posted On: 06/29/2014 10:09:32 AM
Post# of 11107
Same to you, I'll usually look around this board just never really post much. Started to feel like stating my opinion on the other board is now just like attempting cpr on a puppet to bring it to life lol. Still feel good about this one and where were at though. Still sitting on my huge stash plus a little more. I do believe the certs will be redeemable as the company has stated. If theyre not than I dont think Peter will have a company in a couple months. But Saha wouldnt be putting his reputation on the line either to help one of the biggest pump and dump scams ever. Too much at risk now, too much attention, too many big companies names and ships used on sites, for it all to be bullshit and no action taken against the company over any of it. Even if the financing for the certs is just a lender pay the cash for what ever shareholders want to redeem right away (I dont plan on redeeming mine right away, if possible I will try to redeem 10k a month for the year following the redemption date) and the certs are then in turn issued to the creditor to hold as collateral. If it can work like that? The stock sucks for now yes but the company is striving I believe. Price will adjust once the business plan is executed. Since the last..what..4-5 attempts? were unsuccessful weve still just been a development stage company. And of course with each attempt would require more shares to try again as the price goes down. The way it would seem to me is they can no longer achieve adequate financing from issuing shares to financers because theres no longer a market for the shares. So I dont think we really have to worry too much about getting any more dilution. Especially since the quarter ends monday too, I would hope they would want to be a little more tidy with their books now that its getting cleaned up and probably is for the most part now This previously announced business plan and initial letter of credt has to materialize if we dont want a split. As long as that 13 bill doesnt change I have no worries here.
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