Safeplus International Holdings Ltd. (ACAI)

[sunspotter]

"We already know that BIPH has to add shares to keep their company."

Why do they have to add shares?

Less than two years ago they pulled in $11 million by selling much of their IP portfolio to Medtronic. If they'd used that money then to pay off the "sewer rats", they'd have a float of less than 100 million shares, they could have easily started human studies on the Myotech CSS device, and they could have found a deep-pocketed partner to bank roll the final studies before registration if the $11 million hadn't been enough.

Instead of which, the cupboard is presumably bare (although they still had $6 million at the last 10 Q), the float is 250 million, the shares have plummeted in price, and the Myotech CSS device still hasn't entered controlled studies in humans in either the US or Europe.

Shareholders have gotten much poorer. Mr. Weiner, Mr. Lanzafame and their "sewer rat" buddies have gotten much richer.

I don't think it's unreasonable to suggest that there's something wrong with this picture, or to suggest that giving these guys an extra 550 million shares to play with isn't the greatest idea given their track records.

But that's just me - but I will keep saying it. Dang that wrteched First Amendment, eh?