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Re: bliz82 post# 8868

Monday, 05/18/2009 9:30:15 AM

Monday, May 18, 2009 9:30:15 AM

Post# of 11474
I agree that they are holding their own, the quarter was pretty much flat (some minimal improvement) which in these recession times is noteworthy.

The O/S increased by another million shares and 4.5 million since dec 08.

now it will increase again with these cap net shares putting us close to 92 million.

The only good thing is all oif these shares are locked up (restricted) for quite some time.

Nonetheless they need to start this reselling inititiave and stop diluting the share structure every quarter.

I would hope we start hearing a lot more on their objectives as we are 30 days away from 2 qtr being over.

In other words we have a long way to get to the claimed 60 +million in revenue projections and little to base a decision on.

I'm holding based on the revenue projections, spheara, and reselling of fuel.

But they need to start letting the news flow! (JMHO)
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