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Monday, July 02, 2007 9:43:07 PM
A reverse split is my biggest concern as well. I think it's inevitable, the only question I ponder is when and what the split ratio will be: 100:1 1000:1 10000:1?
I wrote the company via Town Hall two or three weeks ago asking for a detailed definition of the restricted shares held by insiders. To date they have not responded to my question(s) and I don’t expect they will. Yet, they waste space on their website to respond to dribble. Go figure.
I was going to flip this and at one point I could have got out even. I think there is a good future here, JUST AS LONG AS THEY STOP PRINTING SHARES FOR A WHILE. My biggest fear is the R/S I would not hold it past them, they never gave me a good answer in town hall.
…
one last thing I have not seen anyone ask ...If Garr and Chang got paid in shares are they PREFERRED? If they are we are all screwed they will get to keep theirs if there is a R/S
Regards,
Heed
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