No. of Recommendations: 4
SF Wind,
I sincerely doubt that the company will fall below cash on hand. $1 will be 75% of cash. $2 almost seems like a floor if you count up intellectual property (remember they spent millions on buying patents from GE), cash, and a little bit of hope. I know cash will continue to diminish, and they may go through another round of dilution, but I just don't see the price dropping below 1.75 until the NDA does not get approved (if that happens). That accounts for 20% more dilution. Granted, that is 80% of the current price, but at around $2 I think you are pressing your luck if you really believe in the story and are just waiting for further price declines.

Coop
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