I have been a professional trader for years but with the way the market works I look for what I call special situations as an alternative to trading because trading is dead. Sonic blue will be over $5 within 60 days and probably around $10 in the next 9-12months. Buy yourself some and sit tight for some fat return within the next year.
"As far as sympathy, the reason people like Pot and Todd continue to get hired so they can make people's stock worthless, is because people either forget, or aren't smart enough to remember what they did to previous shareholders."
I pointed that out the very same week that Todd was hired, that he'd driven Noah Bagels and BOST into the ground, and GTW into trouble, while making about $40 Mill off each...got all kinds of excuses and arguments as to how Todd couldn't POSSIBLY have had that bad a record, and KP would not have hired him if he did... People scared of the truth just CANNOT afford to see it...that's all. KP himself has made about $20 Mill off SBLU in just the last year...and now holds or controls 10 Mill shares, about $30 Mill. In hiring Todd, he was just looking for some help in raiding the co, that's all.
Rezoom has been touting how great KP is since Sonic stock was at $24...now he's hoping the stock somehow, miraculously, comes back to $10. Great progress, NO?
Wall street does not value a company's stock at what its holdings in other stock is. As an example look at Trident Microsystems. they have about $2 in cash and $8 in UMC stock for every share and zero debt. They also are a going company with products. Their stock sells in the the mid $7's. What it shows is that Wall Street discounts stock held in another company by about 50%. Apply this to SBLU and Wall St. considres the UMC stock and debt a wash. So what you see for a price is the value of the company.
TSMC, UMC, what is the difference. They are both far east foundries, design services etc. And lots of people get them mixed up. Actually only those with knowledge of the industry get them mixed up since they provide virtually the same services. Either way, someone explain to me how the value of the company is calculated currently. Use the value of UMC shares held by SBLU, plus Cash, and tell me why the market cap is where it is at.
Again, I am not short. If I were I would say, I don't care what you morons think. As far as sympathy, the reason people like Pot and Todd continue to get hired so they can make people's stock worthless, is because people either forget, or aren't smart enough to remember what they did to previous shareholders. By siding with them blindly and turning away to their shortcomings you continue to allow them to make gobs of cash while common shareholdes suffer.
Again someone explain to me why the value of the company is so low. Use the stock holdings, plus cash, and tell me why we trade below that value...