firsova, page-65

Hi Firsova,

You do indeed have a lot of followers!

I posted on another thread a reply to you regarding the financials of this company and their track record. Unfortunately, it was moderated as it was on the wrong thread.

However, I dare not post on this thread because I am likely to be accused of taking drugs, being your twin, or just flamed in some other snide way... Lol

But I will say that when I was moderated, I then re-posted but in my rush I made a mistake... Quartelies are suggesting a burn-rate of $1 to 1.6 million (I said it was yearly!)

Okay, I've said that so I might as well go on... (Putting my flame-retardant suit on.)

With the management team increasing their costs by 59% and SP dropping (at the time of my previous moderated post) by 32% and the company losing money, I would be keeping away in my opinion, until they are making $10 million at current SP, which then gives a p/e approximatley of 10. (Currently the p/e is negative!!!)

And their book value was on last account only 21 cents too!
(Figures might not be current so do your own research.)

This is not to say that the SP will not go up. It might do but SP hardly ever represents value.

Good luck.

(Ducks for cover as he slowly retreats into the shadows and will never post on this site again, as long as nobody takes his name in vain... Fingers crossed!!!)