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[QUOTE]Originally posted by Trader88: [QB] [QUOTE]Originally posted by metal1: [qb] the only problem with this company is they currently have 0 revenues and 0 cash. all activities are financed with stock. so this merger will cause massive dillution considering they don't have one cent to the company name. filings are on sec.gov. even if they do merge, who knows if the other company is any good. revenues don't mean anything by themselves. if this merger was anygood the stock would have moved already. i have been known to be wrong of course. [/qb][/QUOTE]Only an insider would know if the merger is any good or not. Of course there will be further dilution, but if this new company is good the stock would still rise considerably. Look what happened to SPEA, the Elvis stock, you could have bought that for 10 cents back in December and it has gotten in the $20 dollar range since then, even with hardcore dilution. My thoughts on the dilution of the last two months is this: Read the filings, the company is giving out stock to “consultants”, etc. Why would they agree to accept stock in lieu of cash unless it was going up? Looks like preparation for merger to me, and everyone involved is going to end up getting paid handsomely later by taking stock now. The current stock price is POST 400:1 reverse split, and it has gotten all the way down here after that split. The current price is about as low as it can get, about .00000625 (pre r/s level). Let’s assume that there are even more shares out than we know about. Say there are 500,000,000 outstanding. At today’s price of .0025, this company would have a current market cap of $1.25 million. Now, this company is about to merge with a company bringing in $29 million in annual revs. It doesn’t take a rocket scientist to figure out that if this merger takes place, this stock has nowhere to go but up. Sure, at this point all we have is a letter of intent. But if and when the merger is finalized, this will be a penny stock in the teens or better, guaranteed. Lotto play? Maybe, but I’m happy with my ticket. [/QB][/QUOTE]
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