TSXV:NET.UN - Post by User
Post by
muley1on Apr 29, 2010 9:00pm
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Post# 17046721
Turkeys and Eagles
Turkeys and EaglesWe will soon see who the Turkeys are and the Eagles are. My guess is the guys that sold today at these dirt cheap prices are going to be kicking their butt by the end of the summer. However if you can't stand the heat get out of the Kitchen! I understand their is already interest expressed for the placement that is forthcoming. You need to understand that for a company to have under 20 million shares after the initial placement is quite an enticement if it appears the company has good potential.
Not sure about somebody's idea to replace management. On paper they look pretty good although I have not met them in person! I have been in NET for a year and at the time there was another small penny stock about the same price around 4 to 5 cents. I bought about 2 x NET because I thought it had greater potential. Today MJS is .18 and will have close to 400 million shares if all warrants are exercised. I see net stabilizing around .12 after the reverse or possibly higher if money comes into the company via insiders and drilling starts early. Like I said earlier 5 million shares equals $600,000. You can do alot of drilling with that and if we do hit some strong holes the next placement will be substantially higher and I can not see us ending up like MJS with an absurd number of shares. Just remember management has shares that are going to have a reverse split as well. None of them want to sell at this level s o they will be pulling out all stops to ensure this is a success.