I don't see any real sign of dilution, no more "Report of Proposed Sale of Securities 144" in a while.
Outstanding shares at about 37-38 million imo
Float maybe 16-18 million.
Those folks on the inside , upper level management have not sold any shares.
Seems like if they were sucking it dry they would have sold at 30cents.
IMO the permits are worth a lot long term, all municipalities are required in TX to have long term water plans. Plecos Co board members know they need water and a plan, I would bet they know more than we do. Did they give the permits to a company that has no future and have to re-permit another company? Maybe, but I bet they know more than we do.
Could be wrong, but selling imo is not massive dilution, but rather driven by fear of the unknown.
GLTU
