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JakNife - Wed, 21 Dec 05 :


Hi daniel333,

Mine are worth what the market say they are and I,m well happy with the valuation.


That rather misses the entire point of the stock market doesn't it? The idea is to buy something cheaply (ie when the market has mistakenly overvalued it) and then sell it when it is expensive (ie when the market has mistakenly undervalued it). To do that you need to take a view on what the market will say this time next year.

It surely hasn't escaped your attention that the price is falling day by day? I would suggest that that is simply the natural process of the market correcting its error - what was "materially grotesquely overvalued" is now just "materially overvalued" and as the price approaches 0.1p it will gradually get closer to what its real value should be.

Judging by what's happened so far this year then by this time next year we can expect probably 300m odd more shares to have been issued and for the share price to have fallen to something like 0.2p (when it will be only 100% overvalued).

Regards

JakNife




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