Couple points to consider. The first is the increasing outstanding share count, especially with a modestly traded OTC stock, is a killer to the share price and its capacity to sustain any appreciation.
If posters want to blame manipulation, then the biggest manipulators are Linda and the company itself that provided for all of those warrants and options along with extensions of their expiration dates. I truly hope the newly issued shares are not a function of additional inducements.
The already authorized shares, that’s neither here nor there. I would like to say the same thing about my bank account. I draw against what’s already deposited as I keep spending. But until find a job, I’ll keep spending until I have no money left; and then I’ll have to borrow against the future. But once I begin serving Big Macs and receive a paycheck for my talents, then my deposit account will remain at least even and my future (and bank account) is secure.
That’s the same thing with the authorized shares. Until the company submits its applications and receive approvals, which would attract capital that’s not dilutive, then the dilution will increase both now and into the future. All of the remaining authorized shares will need to be issued to cover expenses, while another share increase will be requested at the ASM.
We can get into opportunity cost, time value of money, and efficient capital raising; but those are more nuanced concepts for perhaps a later discussion.
It boils down to Linda and Les are breaking the backs of shareholders, and there’s simply no greater evidence than the static share price along with the rising share count.
Since you asked me how I feel — and thank you for asking! — how Linda and Les manage this enterprise makes me sick to my stomach. If I haven’t made that point abundantly clear already.
PM
