OTCPK:MEAOD - Post by User
Comment by
wildman2on Feb 12, 2011 10:22am
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Post# 18122131
RE: RE: RE: ACK ACK ACK
RE: RE: RE: ACK ACK ACKTannin, I agree with your post in every single element.
About Barry being the big win. About this being a good risk/reward.
And mostly I will agree 100 percent that there will be a financing. Your financing call between 25 and 35 cents is spot on.
They will get the cash they need to move into production and that will be the end of the down turn.
They will ask for somewhere in the neighborhood of 10 million from the investment community. I think it is hard to say what the market reaction will be to that.
Usually, the market focuses on dilution, but I also think this has gone this low because of the insecurity of the funds supporting the production goals, so take care of the funds issue and the insecurity about the production goals goes away too.
It is a doubled edged sword and it will be interesting to see how the market reacts to it.
The continued weakness of the stock trading under the book value shows that the professional people, the banks, and the investment houses, already have been solicited and this is gravitating to the PP price.
So Tannin, strong thoughts, strong mind. I wonder what you believe the market would do with the financing that you have laid out.