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Thread: At what point are we not priced for BK?

  1. #1
    Saatradical is offline
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    At what point are we not priced for BK?

    What do you feel the comfortable floor of a base share-price would be to erase the bankruptcy stigma? Thanks!

  2. #2
    SiriuslyGay is offline
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    Around .28 cents.

  3. #3
    m4svt is offline
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    Wink

    one dollar

  4. #4
    JohnnyIrishXM is offline
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    IMVHO in August before all the BK and funky financing problems hit it was $1.44,so that is my number..

  5. #5
    Saatradical is offline
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    An interesting range..

    My opinion is, at the current float it should be a dollar. But accounting for a dodgy economic year and the risk of a float of 6+ billion shares with the Liberty dilution, we would be in stable shape if the pps stays at around .55 for the year. Not to good but realistic for '09.

  6. #6
    relmor2003 is offline
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    Anything under .15 cents would be "a stock poised for BK". Why it traded that low, and still shows you how BS the stock price is at right now. Were still almost priced for BK, and its a joke. This stock should be at least .30 cents right now.

  7. #7
    doobz26 is offline
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    When it appeared BK probable the stock hit .05. That is priced for BK. We are up 400% off that price. We aren't priced for BK right now. We are priced for a speculative stock that has never made a profit in a really crappy economy. Can't argue those facts much... Look at other stocks... everything is down big time right now.

  8. #8
    Saatradical is offline
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    Quote Originally Posted by doobz26 View Post
    When it appeared BK probable the stock hit .05. That is priced for BK. We are up 400% off that price. We aren't priced for BK right now. We are priced for a speculative stock that has never made a profit in a really crappy economy. Can't argue those facts much... Look at other stocks... everything is down big time right now.
    Great points Doobz. Thank you.

  9. #9
    SiriusBuzz is offline
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    Quote Originally Posted by relmor2003 View Post
    Anything under .15 cents would be "a stock poised for BK". Why it traded that low, and still shows you how BS the stock price is at right now. Were still almost priced for BK, and its a joke. This stock should be at least .30 cents right now.
    Is the current price a joke if they have negative subscriber additions in q1 and q2? It is looking more and more like that will be the case. Not to mention, the worst of the OEM numbers are yet to come.
    Charles LaRocca
    SiriusBuzz Founder

  10. #10
    sxminvestor is offline
    Quote Originally Posted by SiriusBuzz View Post
    Is the current price a joke if they have negative subscriber additions in q1 and q2? It is looking more and more like that will be the case. Not to mention, the worst of the OEM numbers are yet to come.

    With over 6 Billion shares outstanding when you factor in Liberty's stake and add to it the 1B shelf registration just filed tonight, they are valued at over 1.3 Billion, so this is not your typical penny stock.

    There is at least a 1:10 reverse coming at some point. It may be by the end of '09, not likely anytime soon as long as it is not required to stay listed on the Nasdaq.

  11. Ad Fairy Senior Member
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