Buy
Valuation
My 200 to 250 Valuation isn't looking all that crazy anymore. You need to adjust for the new secondary, but we get closer and closer. If you look at the price movement of stocks that have secondary offerings below market you'll see that more often than not they always come down to the secondary price. I guess it makes sense or I should say it doesn't make sense that people trade it up solely on the notion that they have cash enough to continue as a going concern. Again, this is all speculation for a company with no earnings.
I'm a net buyer at these prices and lower...
Selene