RE:Hey pumpers, happy now?They did a couple hundred k better than I thought they would. Is anyone satisfied with this loss? Also, we need to keep in mind that the $750,000 royalty payment helped keep the losses for Q2 to under $1 million. EUO is about 2/3 of the way through Q3 now, with no 'the business is saved!' type of news having been released so far, plus they won't have the royalty payment saving Q3's bacon.
What happens if you knock $1.6 million off of Ringert's cash total for the Q3 numbers. Think of this as the ballpark loss without the royalty. Does Q3 cash fall to $7,259,902? Divide this by the 90,750,238 share count and you get 8.00 c/sh. Could it trade that low? Should the company ever trade at just the cash balance?
Personally I don't think it should. Even if this
Only Trades At Cash theme continues, then I'd expect that it shouldn't hit 8 cents until the end of September. If EUO goes another month without a very positive news release, then I'd expect the stock to drop another level on the old stock chart.
I'm only pointing out the obvious speculation for the people who follow this stock, but it might be of interest to some newbies.
Ringert wrote: With cash at $8,859,902 at the end of Q2 (which will have shrunk by now) and a current market cap of $8,621,273 it means EUO is no longer trading below cash. So you can't play that card any more. What'll be your next trick to try and tell people EUO is a good deal?