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Thursday, October 29, 2009 10:25:16 AM
I agree the dilution has to stop at some point if this is ever going to go up. But I think the bigger question is why dilute in the first place to this degree? Is it the restricted stock being released as posted before raising the count? I know there have been posters on the board with restricted stock waiting/hoping Dean would release it.
If Dean is going to spend close to $92K(41K already invested and 50K more to go) on stock purchases for himself, not including the $300K+ the company has spent, doesn't that spell something other than just dilution for profit? I agree he needs to be more transparent in what is going on. Even if he just gives us a "50% of the aqu's are done" info it would be better than what we have.
I'm way long on this stock already, but if someone else has an other input as what could be going on I know I would appreciate it.
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