I have 10,000 shares bought with average of 1.28 or total about $12,800 invested in STRI. After the special divident, my investment in the stock decreases to $4,300. I like to buy additional 20,000 shares so that the total investment after the SD will still be about $12,800.
Don't blame the company. The investors who bought the preferred are the ones to be blame. No one in the world would dare to buy a preferred shares at 12% yield while the overnight interest rate is close to zero.
No sure that I would buy this stock or not but I would definitely dare not to short this stock.
The future market for SCON's business line is more than billions $. Once SCON finally signs a supply contracts with one or two large customers with annual revenue of more than $200 millions.
Assuming the gross margin is 30% and the cost to run the company is $20 million / yr, then it can report a net profit roughtly = 200*.3 - 20 = $40 millions or equal to an EPS of $4.
What will be the stock price at that time?
Converted from S3 to Z10. Z10 is much much better phone than S3. Actually, it is much better phone the S4. I am very happy with my Z10.
Good, please sell to me at 2.70. How many shares to you want to sell so I can make sure that I have enough cash in my account to buy them ALL.