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Re: ThSeeker post# 3797

Friday, 07/11/2008 1:16:18 AM

Friday, July 11, 2008 1:16:18 AM

Post# of 7653
You are going around in circles. What is the difference if I get a partner who takes half of the profit up front, thus only half to the shareholders or I dilute the shares by doubling them. They are exactly the same.

No one knows what the arrangement with SSTP-EU will be. Does Pemco own 90%, 50% or 10%. The remaining should be owned by SSTP even if it goes public. Will any profits be repatriated to the parent company? Or remain only on their books. NO mention of going public. The SSTP-CA arrangement as stated by SSTP PR is to be a non public venture.

Dilution for growth within reason if based on return is OK. But 3.5 billion shares in USSE/SSTP when it only had 650 million 1 year and 9 months ago borders on insanity. It has been diluted down to a third not counting the partnerships. The only way to raise decent capital at the current share price is to dump 100 million shares to get 3 million dollars. OK with you?
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