"I believe this is an important statement...NO TOXIC FINANCING"
its been important every time that i stated it...
"There are some CEO's who state that they are looking out for the shareholders and then dilute to unbelievable proportions"
yup... but in this case kim put out that letter because the pps had been steadily dropping and was at the .03 range...
my point was that i suggested heavy dilution a year earler at .10...he may as well as diluted when i suggested it... the pps went down anyway even with all his supposed care for shareholder value...
"As a CEO,you wouldn't take into account the credit crunch and meltdown of the US and European financial sectors in 2008 and its aftermath?"
no because i suggested it in 2011...the economic landscape was significantly changing for the better by then...
"You would still dilute exponentially,after stating in a shareholder's letter,that you were actually trying to maximize shareholder value? "
by the time he issued that letter, the pps should have been rising with what he should have been able to accomplish with a substantial amount of money to work with instead of sounding empty and hollow as the pps slid downwards with all his fabled frugality...
im not saying it would have been an easy thing to do...but it would have been the right thing to do...he had a tough choice... he chose wrong...
"No one could've reasonably predicted that happening. "
well it was painfully obvious to me that nothing was "just around the corner" and that it would be quite awhile before anything happened...which is why i suggested that .10 was the right time...kblb had no where to go but down ... tho i must admit .03 was a surprise..
"Budget deficit,debt ceiling,fiscal cliff"
they were not huge issues in 2011...certainly not to a penny looking to dilute for its money...
"Proceed too quickly,without properly evaluating both your business model and the world's financial conditions and you can easily become "that company who was on the verge of"
i think theres something in between moving too quickly and moving at a snails pace..
"Fail to plan and you plan to fail"
you cant take forever just planning...you also have to act decisively and get it going and stop waiting around waiting for it to come to you...
kim getting the testing equipment was a good thing and extremely long over due... he finally decided to suck it up and go for the extra dilution to get it done..
huh..imagine that.. extra dilution to pay for what is needed NOW... wonder who thought of that?...
