What do you feel the comfortable floor of a base share-price would be to erase the bankruptcy stigma? Thanks!
What do you feel the comfortable floor of a base share-price would be to erase the bankruptcy stigma? Thanks!
Around .28 cents.
IMVHO in August before all the BK and funky financing problems hit it was $1.44,so that is my number..
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.
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.
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.
Charles LaRocca
SiriusBuzz Founder
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.