Well, yesterdays perspectus indicates that there will soon be between 100K and 5 Mil shares avaiable to holderes of warrants that may or may not hit the market. That of course would farther depress the price. And it looks as if there are between 10K and 15K up for sale right now at an unknown asking price which the Market Makers have not yet accepted. Thats a sumation of the bad news.
Good news is two fold. First; these shares were already stated long ago in the Warrant section of each 10K so this in NOT a new issueance and dumping of new shares per sae. The second is that while this will take the O/S from about 16/17 Mil to almosy 20Mil. one should keep in mind that the previous true float was only approx. 6 illion. Therefore, the number of tradable share will not grow very much even if ALL of the new shares were to be liquidated. Still a VERY small float.
So, while I still intend to purchase more of cehd I will now try to be more awhare of my timing in doing so!
Any OTHER thoughts out there?
Best to all,
Danni