DILUTION. Read from PR.
Other then the reverse split of the Company's common stock initiated last year on November 6th, 2008, the Company currently has no intention or plans to do another at any time in the near future. The Company indicates that as of March 5th, 2009 the estimated issued and outstanding non-restricted tradable float was just shy of 931 million shares. We are a small company about to cross the threshold between immature and explosive growth and issuing equity to sponsor our growth and accomplish our goals is necessary. The Company is involved in the process of Federal and State Funding, the issuance of a 5% dividend, equity financing activity, and taking on additional partners. The company needs to issue shares in a balanced capital expansion program and my request of the BOD to rescind an additional 300 million shares is analogous with a responsible and comprehensive Company Capitalization Policy. "I am the largest single capital investor in this Company and any decision to issue equity is done with a great deal of contemplation and requires a significant return in value for our Company. In my opinion theses conditions have been more then just satisfied and the returns for our investment will ultimately lead to increased equity valuation and more importantly foster a longer term investor attitude," says Brian Sorrentino, the CEO of Syndication Inc. The Company indicates that more news on our Pinnacle Energy development and the Sy-Med Spinal Decompression Division is pending.
