invests money like the way you invest in the stock market. there can be profitable plays and plays that have a total loss. icge owns stakes in a lot of companies and most will go under. the ones that survive may be worth a bit of money, but i don't believe it is enough to cover their debt of 280m. i don't think their cash of 90m will last long enough to keep them afloat.
just look at the vertical net and the other companies they have a stake in. they are all cash burners. revs don't mean anything until you can make a profit
suffer exhaustion soon from its moonshot run. Your option straddle on the cubes seems reasonable given the churning we've been experienceing for quite awhile now. S&P is trapped in range between 1040 and 992 since mid-August and until one of those boundaries is broken you have to assume more of the same.
Good morning Tech!
I just bought some Nov 35 Q puts to hedge my Dec 30 calls, whats your opinion?
Did you see my question RE: RMBS? I'd be interested in your take on that as well.
cash or anywhere near it. They had about $60M on 8/7/03 of which $3M was restricted, per the CC that day. My guess is they'll show about $40M at the next CC in early Nov. minus however much they've spent on buying back debt, which I suspect is not very much.
i wonder how many of the strong buy people have lost money on icge and they want payback by telling unsuspecting people to buy icge so they won't feel stupid by themselves. The penny stock pimps suck!I doubt all of the strong buy people actually know anything about the company.
I agree with your recommendation however by referring to ICGE as a "company" you give it WAY too much credit IMO.
Hats off to Buck et al. for fleecing so many willing sheep. I have nothing but the utmost respect for what management have accomplished with ICGE as their personal bank machine/entertainment source. Just as long as they can avoid jailtime, I see no reason they shouldn't be lauded for their achievements!