I think he is, but I also think that the company is still restructuring in a big way and I'm sure there were many cost with that specially in the first year.
His first goal is to stabilize the day to day operations and cleaning up the company and he believes that the stock should follow.
And I honestly do believe that the bulk of the newly authorized shares will be used to transfer the preferred A & B stocks, He doesn't want any toxic debts on the books and he knows it will also effect the stock hugely in a positive way. The fact that he was able to secure a bank loan is a huge sign to me.
Once the debt transfer news comes out, hopefully soon, we should see the stock holding its gains.
We had the Acquisition and we purchased additional trucks all in the same month, it could be that they were a little low on cash to make both of those things happen at once.
If had bigger plans for dilution, we would have felt it by now IMHO :)
