I wouldn't give up on this stock just yet. The new CEO has a huge bonus based on the last quarter sales for 2012. We won't find out until the end of March. Is it going to see $2 plus? Not in my life time,
but a $1.50 is possible. Note - could be a board "Spin" to promote these thoughts.
The CEO has huge possible bonuses for the next 18-24 months. If he suddenly leaves that is probably our best clue of failure. The poor guy can probably get by on his $350,000 base though.
At $1.50/share you are saying that this company would be worth about 400 million dollars! It is not worth the 10 million dollars it is selling for currently. I have estimated that the worth is probably about 1 million dollars (1/5 of a penny/share) for the corporate shell. I've got some beach front property in west Texas for you to buy if you think that this company is worth $400 million! LOL!!
I got some West Texas Land for sale too. In Midland both on Indiana and Garfield. I bought as investments in 1999, only gone up a grand each, but some sandy front lots on Washita for sale...lol...Happy New Years ya all.
My mistake....with the additional 40 million shares that they approved to "print" a few days ago the shares outstanding will be about 310 million shares. That woud make the market cap at your $1.50 per share be 465 million dollars....Can't you do basic arithmetic when you make your statement?....no wonder you own shares of this company. LOL x 2.