Seaniemac International Ltd (fka BETS)

[jdcpa1]

Cargo, I think the dilution factor is now kicking into the price as I suggested last night. Stockholders holding the 120 million common last month owned 100% of COPI last month but now only own about 15% of that some company. There is no denying that no matter what color glasses folks have on that we have just been diluted significantly. The Preferreds are the equivalent of over 500 million shares which just took away about 85% of the pie from us common holders. So the news was not all rosey as most suggest. In addition, IMO if they want to do a significant acquisition then there will have to be additional dilution because a million bucks raised does not buy much these days. AGAIN IMO.

Cargo, I will be one of those people who will buy more shares but only at a significant discount to 2.5 pennies which I believe could be here sooner than most think.

Comments are welcome from friends and foes. 8)