Thursday, November 23, 2006 2:15:26 AM
IMHO, it is smart business practice to increase share count a minor amount (and that's what it is, minor), to fund expansion of a new merger enterprise. Especially if the O/S count is so low to begin with. The share count has only increased +-20% since Sept. from 312M+-sh @ merger to current 387M+-outstanding share count. Whatever the share count was prior to the merger is not valid to current company status. Increasing of O/S only 20% and funds used to grow a co. is a good thing. Why incur debt to fuel revenue growth. Duh!
Again, IMHO, the pps decline over the last few weeks was based on flippers, short term momo traders using chart/TA. AND the weak hands that believed bs posters saying, "PPS decline means a scam", "dilution for no reason"-which is invalid, "office isn't open yet so that's why it's a scam", blah blah. MM's worked it well also by several times passing over higher bids to walk down pps. Monitering daily LevelII
showed this. During that time, without significant news to fuel add. volume, pps declined. Great buy oppty at these levels.
I am amazed at so many traders who will praise stocks with billions of O/S, and A/S count, and no real revenue to support ramp up of pps already played to the hilt. Why BAAAAA
Sheepsters!
Real revenue nearterm (esp. now w/such strong JV) and so small a share count = large pps upside, period. Real revenue attracts the big boys (volume). Can't wait for news next week on size of 2nd shipment, revenue estimates, and add. info on JV.
Best Regards
Not a buy or sell recommendation. My opinion only.
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