We lost a big 10 cents for the week in an awful market and we dropping after the split.Get a lif and look at volume at the end today on an Options Day.There was buying,not selling and volume was solid.This stocvk goes higher get used to it.It will take a few weeks for investors to get the price straight and see this is a bargain.Thats around 11.70 cash as I figure it.Thats a lot of cash value.Look for IBM and maybe even SAP to come in an swoop this company up.Put a 35% premium on it and we look like 23 bucks short term,say 3-months.The vylcurs will be out to get this technology soon.I heard Microsoft was searching for some new stuff,maybe its ASCL.Adamo
>> Thats around 11.70 cash as I figure it. Thats a lot of cash value
Not if you use net current assets (current assets) - (current liabilities). On that basis I get south of $8/share, based on the Q1 financials.
If they don't hit some good growth numbers in Q2, then $12 a share will be the ceiling IMO. That's why I got out - seems like a risky bet to me.
unclemikeytoo.The price close today is really 4.01 still over 4 bucks with all this selling which might have been expected when investors see a reverse split.I think you should check your figures again.I still get around 11.70 in cash with around 675 million against 58 million shares or so.Not to worry if it drops anymore I will accumulate more as I think in the long run you are wrong but if you put a profit in the bank thats okay to because that is the name of the game.I have traded this stock a long time but always holding a long position for the long haul.I think I still will be rewarded in 6-18 months,only an opinion.Adamo