According to their balance sheet SCEI has no debt and 25 million in cash. That is coming from TD Ameritrade & Scottrade. That is fantastic...
I see they are going to peddle 35 million in stock
JMO:No serious money from institutions will buy this stock in any large amounts when they are using the shares to print money.35 mil in new shares will keep this stock price down for another half year at LEAST. No matter how you cut this news, it's not good for the short term.LD
That sounds nice and would mean a pps of around $6,50. Earnings are at least $25ml net and shares outstanding are 16ml I saw on the message board. Impressive numbers.