CytoSorbents Corporation (CTSO)

[cars100cars]

Dishonest? Hardly. After 4 years as a long shareholder (never short), I am not being dishonest. I am making a point about a continuous pattern by management. Repeatedly, for several years, management has told us that the company would be profitable this year. It hasn't happened, and in fact, management's recent moves have resulted in lower shareholder values. This has happened over and over. You'd think that Chan and company would allow us to realize some profits. For us to enjoy stock ownership and asset appreciation. But instead, suddenly in a proxy statement, management surprises us with a request to double the number of shares. What do you do? You immediately excuse this management move as meaningless, as standard operation procedure, and as nothing to worry about. Okay. That's your opinion. As a fellow long time shareholder, I tell you honestly that this latest ploy concerns me, because it can only lead to lower shareholder values through dilution -- perhaps as much as 50%. I am not being dishonest. Math is math. I am also not a worry wort. I refuse to easily overlook this move by management to decrease shareholder value once again. You know, this is like watching a movie and a gun is on the table in the first scene. You can bet the gun gets fired before the movie is over. In this case, the gun (doubling the number of shares to 100 million) is pointed at us shareholders. I'm sorry if this annoys you. But is the truth. It couldn't be more obvious and it would be wise to be alert and protect your investment.