More Selling And Dilution
This Year's OS Increases
Outstanding Shares Jan 01 = 206,130,282
Outstanding Shares Jun 30 = 228,418,370
Outstanding Shares Sep 30 = 253,364,428 *
* as stated in the just released 10-Q
OS increase of 47,234,146 shares Jan - Sept.
The Float may have jumped from 75 to 130M.
And I estimate another 21,000,000 shares have
been added since then, during Oct and Nov so far.
That would bring the OS up to about 274,364,428 .
I would not doubt that it hits 300,000,000 by eoy.
The Insider Hits Keep Coming
Oct 14 - Maxwell Pte Ltd - Sold = 2,300,000 shares
Nov 01 - John Melo, CEO - Sold = 37,580 shares
Nov 01 - J Cherry, Pres R&D - Sold = 9,301 shares
Nov 03 - Maxwell Pte Ltd - Sold = 2,611,233 Shares
Nov 03 - An additional 35,000 more shares of dilution
through a restricted stock award via the employment
stock plan. Which are not purchased on the open market,
but once vested it may be sold by diluting into the OS.
And Just Released Today
Nov 7 & 8 - Maxwell Pte Ltd - Sold = 333,811 Shares
A 'Viscous' Circle
