10Q out -Investors don't think it is undervalued.
Both investors and toxic financiers appear to have tons of shares for sale.
With good reason, too. The company dumps billion of shares each quarter. Just wait 'till they read the quarterly report just out.
They issued over 2 billion more shares in just the last quarter of 2016.
Shares issued for the Period ended December 31, 2016 – 2,088,707,800
Tankage of the share price may just be the beginning of the decline.
Long investors are watching their percent-ownership of the total shares outstanding fall rather quickly.
Do the math. If one owned 3 million shares one year ago.....
There were 1.14 billion shares out at that time.
Now there are close to 14 billion shares out, per T/A info last month. Likely a lot more outstanding by now.
Investors can calculate their percent-ownership, which has declined to just over 10% of their percent-ownership just one year ago.