I would imagine he is doing very well. He has had a sell on ETAK since $2+. The company is trading .80 with a massive dilution just announced. They have 16M in liabilities that need to be paid off and only 10M in cash to do so. A positive step but still not out of the woods yet.
I expect the stock to trade down to the $.57 value of the offering (stock + warrant) over the coming days.
poor form fly....where did you get 16M debt that is "do" now??? lol...you are funny. No matter what you come up with some other garbage to hit company with. The fact is the company has small "Long" term debt that they are paying on slowly. The cash raises is mainly to growth opportunity such as acquiring other companies in the mobile payment sector. And finally after Q3 or max end of this year they will be fully operational CF positive. So it for some OTHER reason it will trade lower then I will be buying with both hands.
interesting. Fly, I have been buying at 90c, more at 80c and way, way more at 75c. Let's see where this goes. Frankly I would be very surprised if it goes to 57c. My sense is that we will get over $1 soon and never see anything below $1 ever again. Time will tell ....