Leute vergißt nicht zu positionieren!!
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Eröffnet am: | 04.10.07 01:03 | von: Wolfsarecru. | Anzahl Beiträge: | 135 |
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The reason is, based on the information we have, this is essentially a stock swap deal. If the new company doesn't prosper, then the 5% interest we have via IFGX won't be worth much.
To prove my point, look no further than our "sister" company, GVHL. Back when all the hullabaloo was going on about that company, we were told they had profitable ongoing operations; 21 banks on their closed-loop system with literally thousands of customers. We have an approximate 25% stake in that company. Yet, months after management made that deal, we have a company that has zero trading volume, no retail interest, and no market. It appears as though the company is in hibernation. So, currently, our 25% interest in GVHL really isn't worth much, at least from a liquidity standpoint.
Therefore, we better care a lot about what happens with the new owners of MMOD, and their business model. If they go into salt (!!!), or dogbones, it better be done right, and they better be successful at what they do, or else our cut of the pie is going to be worth nothing more than conversation.
In reply to: None Date:10/5/2007 9:06:57 AM
Post #of 68509
Ihubber count update
104 Ihubbers holding 3.560 billion shares. This accounts for approximately 60 percent of the float.
300 shareholders still not accounted for with regards to what they hold and if the 104 is any indication the float looks pretty dry to me.
Company says they estimate 1 billion to be short.
Without our shares they cannot cover and once the right news hits the more shares off the market the easier it will be to break through resistance levels and get towards it true value which EFGO has mentioned they believe its worth .01 - .02 with all assets that they own.
Best we can do to help the cause is to hold these shares for a few months to give EFGO the time to close there deals in China and if that happens we all should make out nicely hopefully.
Need the company to deliver on what they have preached.
Let me know if anyone adds to there totals or if new people add and are willing to wait a few months for the company to deliver.
adr1
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All IMO