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Friday, July 02, 2010 9:25:40 AM
I have no idea why the increase in the EXTO Authorized Shares (AS) to 3 billion shares. I backed off from communicating with the company months ago although I still trust that their team will come up with a positive resolution for whatever is happening.
Normally, within the penny stock world, a huge increase in the AS is "usually" not a good sign. The norm seems to indicate ”bad” versus ”good” dilution of which there is a difference between the two. I have not confirmed either. Still, I have seen on a few occasions where such increase in the AS to be different with positive repercussions. An increase could have been done for such positive reasons such as for a forward split, funding, acquisitions, dividend, etc. Again, I have not confirmed anything good or bad.
I think Les Barber stepping down was for positive reasons and not because of negative reasons. The times that I had previously spoken to Les in the past, he never came across like the sky was falling and his demeanor led me to believe that everything was going to be fine. He was a positive guy. Although the increase of the AS to 3 billion is not generally a positive move without finite info explaining such, things still could be for the better. For this, I will go against the norm for when a stock increases their AS and continue to weather the storm.
v/r
Sterling
Sterling's Trading & Investing Strategies:
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