Sunday, December 28, 2014 12:07:49 AM
The problem is that he needs to cut out these bogus deals. If you can't get a decent rate on financing for a new project/acquisition then you shouldn't be undertaking it.
But instead, he gives away the farm to toxic financiers who can turn around and dump their shares on the open market in 6 months. And Gerald will have to sell more shares just to make the interest payments.
Obviously, with no revenues a certain amount of dilution is expected. But Gerald is literally growing the company on the backs of shareholders and then hanging them out to dry in the biggest way possible by diluting the daylights out of the share structure. All while he still hasn't been capable of generating revenue, and his bonuses and compensation just keeps getting bigger and bigger.
Why is that do you think?
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