SKG skynetglobal limited

skg closes at 66c so cornells get a 6% discount to, page-4

  1. 2,922 Posts.
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    Bazzaroid
    I have no problem calling it a loan, because 12% is payable on the principal, but 18% is not the effective rate, refer to my post on SS.
    If you want to sprook about $850k of shares being issued over 16 months go for it ! It sure as hell beats 5.5 million shares issued at a 12% discount in one hit with BQT ;-)
    Now lets look at the fall in price and volume.
    I agree there has been little demand, but it's not what you would call mass selling is it.

    May-2005 66.00 210,622
    Apr-2005 74.00 154,581
    Mar-2005 99.00 408,625
    Feb-2005 133.00 204,195
    Jan-2005 199.00 103,209

    There is more than the Techno deal in the pipe line.
    There is more than enough cash to survive.
    When it comes to Revenue-cash-large shareholders-market cap-& diversity SKG walks all over BQT.

    June and July will be big months for Skynetglobal, and I see the price being around $1.60 to $2.00. by years end.
    You may want to read up on Malaysia ;-)

    Tex.


 
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