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Re: just_an_ant post# 3046

Tuesday, 09/01/2009 7:43:08 PM

Tuesday, September 01, 2009 7:43:08 PM

Post# of 22569
Bill is a pretty straight forward guy from what I hear from people in the business. Apple consulting also represents Sponge and Spong is what? went from a 2 mill market cap to what is it now $125 million more or less. I asked them straight up about the increase in shares and I asked about dillution and they told me it was for prefered stock and said only registered representatives can buy it AND THERE HAS BEEN NO INCREASE IN O/S. They gave me a very honest straight forward answer. There is nothing to bash here. It is a normal start-up company with a normal product that should be huge IMHO. The reason they increased the A/S is to bring in the 2.5 mill credit line and also bring in some more money to the table. Yes when it hits 5 cents or 10 cents there maybe some dillution but it won't be that bad because by then there should be solid revenue so who really cares.