$250000+ u bidder @$1.40-counter offer, page-10

$1.40..im thinking of taking a punt! I mean..whats the risk...
U got 2 offers.... ones at $1.20

The other at $1.35

Last trade: $1.40
WORSE CASE.......the $1.40 offer falls thru somehow and u end up getting the $1.20
NET OUTCOME: 12% loss!

BEST CASE: Counter offer is above the $1.35, prob say $1.50+ (rememebering the market will THEN factor in another counter offer to that) so the stock could trade around $1.60

NEW OUTCOME: 12% gain

so in the end, u have little or NO RISK of losiung much $$ HOWEVER, u could make MORE by counter offers!