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Message: RE: REPOST - Gilgamash`s incredibly sensible post - NOT! - GG

RE: REPOST - Gilgamash`s incredibly sensible post - NOT! - GG

posted on Jul 25, 2005 01:42PM
I`ve suggested such a possibility (ad nausium).

The question in my my mind considering such a thing (e.g., Wencor snags the whole 100M shares at, say 12 cents/share), is what would be the result from OUR perspective?

Company stays afloat.

Continued/expanded business with Wencor would be a ``lock``.

Now the one I can`t get my arms around: with $12M in the coffers, would it be considered ``revenue``? Wouldn`t that be revenue with no associated expense (i.e., ``profit``)? So, $12M profit against 300M shares issued/outstanding; wouldn`t that equate to 4 cents/share earnings? If a P/E of 50:1 were applied, wouldn`t that put us $2/share?

That`s probably all wrong/wishful thinking on top of other wishful thinking.... Surely someone can help pop that bubble!

I`m covering my ears in anticipation! LOL

SGE

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