@scott ~ good post! Read the transcripts of yesterday's CC and was quite impressed with the business plan & management going forward.
debt heavy (over leveraged)....can't borrow more cash so only option is to raise capital is via more stock offerings. That's why the share price continues to head lower. Elementary!
you are free do do what you like...but please don't bore everyone else with your trading plans. Because nobody really gives a damn!
god knows, he needs a win.
Glad I picked up some shares.
off topic: how come these message boards become infested with bashers whenever a stock moves higher? It really is a sickness. Weirdo's.
enough cash on hand to perpetuate a going concern for at least 15 years (even while generating a modest loss). This mobile game company = no brainer at its current stock valuation.
I have to admit that B of A is a mystery. They were forced by the Fed to acquire Merrill Lynch (who were insolvent at the time) and were also forced to conclude the Countrywide acquisition which was riddled with mostly fraudulent sub-prime loans, with no legal recourse. Ken Lewis did step aside for Monahan - but it has cost B of A shareholders over $40 billion and counting.
@Isross ~ suggest you look up the term "related-party transactions". And specifically GE's dealings between DRYS & Cardiff Marine. Good luck...