Monday, June 27, 2016 10:24:36 PM
i quote the last numbers as they are the only ones out and the ones reported in last filings. yes of course they could have issued more during...and that is part of my point. In any case I have referred to the source - most investors know quarterlies come out quarterly....
Issuing more shares without product or investment need serves who ir what? Clearly it hurts common holders with dilution, especially coming on the heels of a RS (well over time more than 1 RS). And further i rebut the pumpers who seem to post that this is a good situation for a 'run' given tight float etc....so I share my view that there is no real tight float....but rather a leaky boat ...and further still...no product or business that has shown revenue, transparency, independent life and visibility in the market
But two points - timeline and scale.
The timeline is not recent...the trading of volumes above the reported goes back in time. The other is the scale of shares is huge - there have been multiple days where the volume exceeds the float and event the OS...and generally sells.
Of course if material events have taken place, such as shares coming free, new shares approved it would be nice for mgt to report
and of course this is only one track of issues....
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