RE:RE:RE:You all remember this lie about BTR OK, Iluv says they are green with their BTR investments over a period of 7 years. When the merger occured Iluv and Team E made no bones about how many shares they owned. Basically they said they had a lot. After all the reverse splits lets just say Iluv and team E had 100,000 shares when the merger took place. The share price at the time of the merger was $3.60 or $360,000. Today those initial 100,000 shares are equal to $111,000, a deficit of $249,000. If my math is correct Team E would have had to purchase an additionnal 212,000 shares at the low of .60 or $127,200 additional dollars just to get to break even. Yet alonne beinng in the green.
1) I don't buy it for one minute that Team E is in the green or break even. In fact they aren't even close.
2) You don't spend that kind of money chasing a poorly managed company (or at least you shouldn't)
3) If you do then I wouldn't be taking any investment advice from them.
Remember this is a best case scenerio, Team E was under water before the merger so their share purchase price was higher then the $3.60 merger price. Plus no one picks and buys at the absolute low.
Iluv needs to smell the stuff he's shoveling.