InvestorsHub Logo
Post# of 112682
Next 10
Followers 95
Posts 11597
Boards Moderated 0
Alias Born 12/27/2011

Re: MD-420 post# 80335

Tuesday, 12/06/2016 10:55:03 AM

Tuesday, December 06, 2016 10:55:03 AM

Post# of 112682
You've been predicting that Paul would dump his Preferreds on the market for the past three years. During that time he's used a little over 2 million Preferreds (20 million + commons if converted) and they most likely went to executive compensation. That's less than 1 million shares per month if they were even sold into the market (we've averaged volume of 1 million shares per day during most of that time). Most of the compensation to previous execs has probably already been sold off and easily absorbed. Dilution over three years has been just over 50 million shares (roughly 22%) and we're still only at 331 million shares OS. Moreover, Paul took 50 million shares out of potential circulation when he returned 5 million Preferreds to the treasury.

Just keep telling us the sky is falling. Maybe someday it will but I won't hold my breath. SMHLMAO

Les