Well WellFrosty got me thinking. I know i shouldn't do that but none the less. Frosty seems to have a pretty good history posting on OX so I tend to give a little more credit then to some other posters.
I guess the question is, if its a major, is it a JV or a buyout. It seems obvious with the way the stock has been trading since the PP was announced that even at .125 cents (the highest price level) this stock has been depressed by some form of manipulation. I hate being a conspiracy theorist but if this is a buyout offer what price would it take to seperate you from your shares?
Lets say there was manipulation (no hard evidence, just a theory). As a result of that manipulation, the stock was stunted and instead of trading a bit higher we stuck to the .09 to .10 range for quite sometime. If a buyout were presented at .20 cents a share would you support the buyout? Whats your price from here and why?
Personally I feel .20 for a buyout would be too low for my liking.
If this is a JV then its equally painful. I certainly don't see a prospective JV partner paying a premium to the manipulated PP prices that were announced a few weeks back.
I'm fully prepared to eat my words and take back every under handed thing I've said about management in the past. ;)
Hopefully this works out but I have cautious optimism going forward. Good luck to the longs especially. You deserve to be done right for hanging in there all this time.