Friday, April 27, 2007 2:54:46 PM
Dilution is not a bad thing, when the money is used to grow.
I believe, as anyone else, that this stock is undervalued, as per the financials and the QSR + Hotel chain contracts.
I think Chin has been dumping shares from the A/S to drop the price and then convert all the Convertible Deventures and Prefered Stock crap.
The Sports Club is beeing bought with shares that won't be converted until 25 months from now, but they supposedly will bring revenue up 1.75 to 3.5 Million $ per year.
Add DBA's revenue and suspected profitability, plus some possible Glove Box deal in China, and if Chin wants to, he has all the tools to pump this pos onto blue skies.
But before the Pump, comes the Dump, and that's where we are now. I don't think they are getting the shares, ... I think they just want to get to a "nice" conversion level.
Also, remember that at the end of 2006, they raised the conversion rates, from 50 to 75 common shares per preffered share. There are also Debentures and lots of different convertible CRAP, which is Chin's business. He is not a good businessman, he's just a ...
So, I'm here to play the PUMP.
It is impossible to sell at the highest and to buy at the lowest. And that is why I don't buy all at once, nor sell all at once. I still want to buy 5 M more shares, but will watch the 0.0020 to hold, or wait till we pass the SMA(20), and then will cash profits on the way up.
Long & Strong,... ha ha ha ,... till I sell at a certain resistance level !
All in my opinion, as always. Take my words as opinions, only.
I hate Chin (this is not an opinion!)
Follow me at your own risk; look where I'm fishin' LOL
All I say is my opinion &I could be wrong. Do your DD!
http://investorshub.advfn.com/boards/addBrdMrk.asp?board_id=11428
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