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Swings!, page-12

  1. 377 Posts.
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    Good luck with that WestTrader. About all that has been happening here is that someone has been taking a couple of hundred million options at 1 cent and started rolling them out at 3 cents to triple their money - lucky for some. I was told they gave out 1 cent options because of the 'risk'. Shame I couldn't cash my expired 25 cent options in for 75 cents and triple my money - for the risk.

    Based on everything that has gone before I am not expecting that this will do anything before the end of next year, if ever.

    They sold 12000 VINS in 6 months for about $70,000 of recurring income. At that rate I will be dead before they generate enough income to support an SP of even 10 cents ( and there are a whole lot of us that need a lot more than 10 cents to break-even on this nightmare). I believe there are around 1,300,000,000 shares now. At a 5 times revenue valuation they need about 4 million VINs at $6 a year to support 10 cents. 12000 in 6 months......... 4 million in..... well not in my lifetime. Actually, at that rate my grand kids won't see it either.

    Don't forget though, as we have been reminded over and over and over and over, there are hundreds of millions of people in China - SO WHAT?

    This is when you say something really positive Brett
    Last edited by country bob: 20/09/18
 
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