US BioTec Inc (USBC)

[veritas-twj]

I am very concerned about the extent of dilution, and the lack of transparency on the part of management.

IMO, I do think management is honest and has good intentions, but I do not think they are sophisticated from a financial perspective, and I think they are given a lot of bad advice from some investment bankers who are only looking to make a quick profit without concern for the LT interests of the Company or shareholders.

I have sold most of my holdings for now and will await specific factual information on the Shares Authorized, Shares Outstanding, and Float (before deciding whether and when to reload). In addition, I need information on management's strategic plan and how they intend to actually implement the plan and bring intentions into reality. Hopes and dreams are nice, but do not serve much purpose unless and until they are executed upon.

Best of luck to all.

Tom