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Re: Ownwallstreet post# 36386

Wednesday, 04/29/2015 5:44:49 PM

Wednesday, April 29, 2015 5:44:49 PM

Post# of 45244
They contracted 120M shares to continue work. 40% dilution.

5M shares each starting 2009 -- backdated from the employment agreement signature date.

If they thought their existing shares would explode, as you suggest, why would they commit 40% dilution to themselves, which will obviously weigh on pps.

Even at just .04/share, this is a $400K annual hit to earnings. BMOC royalties will be $420K per year, if their stores do $7M/year, which is more than 5x the annual total for all existing Baristas kiosks.