Wednesday, October 08, 2014 12:55:47 PM
You're going to say they now have no power and really it was the board the whole time?
Doesn't matter, man.
The company (and all members of the board, CEO included) benefits by selling shares.
The pattern for years has been to pay debt (debt they create by paying themselves, among whatever else... previously it was the mansion/studio) with newly minted shares.
If this is what makes the company money (and them money) they have no incentive to stop this.
They also have every incentive to tell you only good news when you ask them. They want you to buy the stock, because the money goes almost directly into their pockets.
Remember when I was asking how many shares existed, and the fact that people don't honestly ever know because it changes from day to day? This is the most gigantic red flag there can be.
When someone finds out a number, the mistake folks make is assuming the number didn't get bigger the next day.
You'd need to ask every day to get the real picture. Or, just read this forum for the last few years, and you'll do what I do, and simply assume there are more shares each day. Hey, guess who was right!
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