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Re: None

Thursday, 03/13/2008 2:06:55 PM

Thursday, March 13, 2008 2:06:55 PM

Post# of 6629
If it's true that the company is still selling shares at this point, then I think it bodes very badly (and I think this is true even if they were selling shares a few weeks ago.) Why not wait until the financials are released - surely that will give people enough confidence to start raising the share price, at which point the company would make more money by selling shares.

It seems to me that there are only a couple of explanations for this -- either they are not really going to release financials (and probably never were planning on releasing them), or the financials they are releasing are so awful, and the company's prospects so dire, that they are grabbing everything they can now. Of course, neither of these situations bodes well for longs.