Zadie, agreed. These are the things that need to be communicated to the shareholders. If they are going to dilute to achieve the $2.75 Mil, then state that as your intention - not sure they pulled that out specifically for that purpose, but either way, communicate.
I realize there are going to be those that say "they don't have to communicate everything" and for the most part you're correct. You want to buy new office furniture, go ahead. But if you are diluting the OS which affects the SP negatively, this needs to be communicated.
I have seen too many companies use the approved shares as a cookie jar, and before you know it, there are no more cookies, and you are 2 billion OS in the hole (ILUS is an example).
This company has too much going for it to make the wrong moves. Was this part of the IB deal? If you secured the $2.75 from the IB, then why dilute ? Is this part of the M/A?
Look, each of you shareholders OWN a bit of this company...if you owned 50.1%, you can tell the BOD to go on the roof and flap around like birds, and they better do it.
As smaller shareholders, YOU (we) have a voice in how the company manages its way forward. It's the same with all companies.
While this company is going to see a huge light at the end of the tunnel is great, they need to make sure they communicate with the shareholders when they are going to go to the piggy bank. They don't have to say "Hey, we're buying company ABC on 1/21", but rather, say "Hey, we issued shares to complete a deal for part of our M/A and will communicate the details once completed"
Simple.
Now, I am not "Joe" with a goal of 5 million shares, although that would be nice, but we all need to be realistic...there are a lot of new investors on this board (and some jerks) that rely on solid advice from the Longs with knowledge on this board. I realize some will say "they need to do their own DD" and that's fine, but help, don't hype. Constantly saying "we're going up" when we are dropping at the moment takes your credibility away.
I realize it will go back up, because it DOES has good fundamentals, but don't attack those who bought in at $0.85 and are seeing their portfolio down and are upset - they have a legitimate gripe at the moment, even though, again, it will go back up.
Again, HELP, don't HYPE. Be realistic and truthful even though it's hard to do that with complete "tools"
Best to all Longs...give it a month or so for results folks.
