I personal am voting NO on my proxy for the additional AS increase.
Why? First off, I know we are a young and budding company. I know we are growing by means of R&D and acquisitions of company's and technology, but to say We cant grow without additional shares? Come onnnnn. Iv heard so many times touted with this company that they have "Many irons in the fire" so to speak. How about just ONE of those irons produce something that increases shareholder value. How about the value of our stock going up due to some new and fantastic deal that is Legit and has money transferred to the GTE coffers. How about we then use LESS of our current AS to then buy out, trade for, to acquire another company or technology. It's a simple fact.. if your going to trade stock to buy the rights of some company. a $5.00 stock goes farther than a $1.20 cent stock. You then save your self un needed dilutions of these new shares coming to the market. Heck.. while we are at it why not wait till all "5" cylinders are cranking, and making cash, and BUY this company, or technology with CASH from the GTE coffers. I know, we have all heard of it.. iv seen it once a few times. Sarcastic comment coming. oh hey, another grand idea. why not a forward split if we are going to increase AS? I mean. give me a 2 for 1 deal on that. Yea wait then the price would be cut in half. and I know we would all love to be trading at .60 per share. I mean, if GTE did do an increase of AS, and traded all the stock for some company or tech. then. dilution comes in. yea, its like a forward split once the new shares hit the market. wouldn't that be GREAT? end sarcasm. Give me something of value before you decide to increase AS I say!
Now, All the fun stuff being said, Im long on this company. Im so friggin long that my motto is go big or go home aka makin cash money, or total loss of investment. I think GTE can do some fantastic things, if they are able to actually DO IT. I think with what we currently have with this company, they can make some money. Someday. I just hope im not dead before it happens. Can Huff pull all this off? Time will tell. Above what I said was my opinion, and you know what they say about opinions, there like a holes, everyone has one, and they all stink. It doesn't matter what I vote, since the company will pass the amendment with the shares they have. I just want my voice in the shares to say, NO. I hope you all have a wonderful memorial day :)
PdxLou
All statements are IMHO.
