CytoSorbents Corporation (CTSO)

[cars100cars]

Math is math. Dilution is dilution. According to their own document, there are currently 50 million shares, and they want to double the number of shares to 100 million. Ask yourself why? You two assume a lot. According to Waterhouse, about 32 million shares are in the float. That leaves 18 million on the shelf. Maybe these numbers are not exact, but close enough. CTSO wants to increase the number of shares on the shelf to about 68 million, which is 2x the number of shares in circulation. There is something going on we don't know about. This is not some "insurance policy." I've been invested in CTSO since their annual sales were 360k. Boy, have they come a long way. The products are great! But management is full of financial surprises, including, the surprise reversal split of a few years ago, the intermittent cash raises from time to time, and most recently, the surprise, "oh, gee, we told you CTSO would be profitable this year, but we decided instead to increase our direct sales organization" which brutalized the P/E and sunk our shares once again. Phil and Kathleen love to play with our value. Now suddenly, they need another 50 million shares on the shelf, and your antenna isn't vibrating? I'm still invested, but not at the same exposure level as I was two days ago. I have no agenda...I am a long term holder, and I have learned not to be too trusting of this management team when it comes to shareholder value. Be careful. GL.