InvestorsHub Logo
Followers 281
Posts 25970
Boards Moderated 6
Alias Born 01/27/2009

Re: uranium-pinto-beans post# 3188

Sunday, 02/15/2009 12:45:20 AM

Sunday, February 15, 2009 12:45:20 AM

Post# of 59026
The other side of the share issue is BIEL. They make a viable product, have revenue, but not enough to cover expenses. So they pay for services rendered with treasury stock. Investors get stock also. Now they are maxed out on the a/s. A good thing you might think? The chart says no. It's obvious they are going to have increase the a/s or raise money some other way (how, in this economy?). So it's been sold off in anticipation of the dilution, imo. It works both ways. I still say that dilution makes no sense here. What could they have made, $25,000? $50,000. It's chump change.

Just looking for a ride. Don't care what kind of car it is as long as it runs.