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Alias Born | 01/19/2012 |
Saturday, June 02, 2012 9:51:00 AM
Do I think the authorization of a half BILLION shares out of thin air and then the near immediate dilution of their PPS by starting to sell them was crap? Affirmative dude!
Clearly the cash they were "supposed" to have that would last until the end of the year was total bull. They are broke and are taking our cash right now to pay the bills.
Sure they have a plan! They'll keep diluting and paying their salaries until they run out of authorized shares. Then they'll R/S, authorize more, and keep the gravy train rolling for them at the expense of the common shareholder brother.
Until they have some sort of good news regarding SERIOUS earnings, this is gonna be a sad play. And unfortunately, it is seeming like that is a LONG way away.
SNDY may be a good company, but they aren't acting like it right now.
.003's are coming, .002's probably not far behind.
Always IMO.
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