Friday, May 15, 2015 6:57:46 PM
Shares outstanding are around 4.8bil. Up about 1.4bil from last quarter. IMO that gives them a couple more quarters to convert and then a decision has to be made. What to do with all of those useless, worthless shares.
Funny thing is...and I hate to point out when I am right...but last year when this RS's in March and it was said that it would do it again immediately...I said we had another year or two before it happened again. Here we are...over a year later looking at about a 2 yr time frame from the last RS before it will have to happen again.
So while I gloat...it is all for naught. Shame since they seem to have reduced their admin expenses by 75% resulting in positive revenues from operations. But that may be because there is no reason to spend the money since there is virtually no business.
What we have here...is a failure to communicate!
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