News Focus
News Focus
Followers 19
Posts 1680
Boards Moderated 0
Alias Born 10/16/2005

Re: seren post# 227714

Sunday, 03/05/2006 6:40:36 PM

Sunday, March 05, 2006 6:40:36 PM

Post# of 279080
Seren, 'restricted' stock imposes only a temporary restriction on its resale. It is slightly better than unrestricted stock because it indicates that whoever accepted it agreed to hold it for some period. But:

1. IT'S STILL STOCK. It's dilutive just like any other share.
2. It eventually becomes unrestricted. And then it will have a short-term supply-effect on the market for the shares, as well as for the long-term.
3. Is it really restricted? You cannot trust ANYTHING Olsen says. He's said so much b.s. Just a few weeks ago he told me had gotten $50 million in financing and was going to announce it in a few hours. (LOL!)
4. The 56 to 306 billion shares issued in the past four months, restricted or not, were done when the pps was in the gutter. That makes it massively (is that even the right word for it?) dilutive.

When Olsen told me about the '$50 million in funding' I said that was bullsh-t, you just authorized another 250 billion shares: you're selling stock. He said 'Yeah, but it's restricted, it's restricted.' I said that means he did NOT get 'funding', he's selling stock, and he has to be upfront with his shareholders about it. He hemmed and hawed, then said he was on his way to the office to write the PR and it would be out in a few hours, or sometime this weekend, 'I swear, I swear.' What a donkey.

Restriction really matters very little when it comes to QBID. You put it well: sh-t is sh-t.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today