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Sunday, November 01, 2009 2:30:08 AM
There seems to be a common misconception that back in August, Dean issued a PR that said the share structure would not increase.
The actual excerpt from the PR is as follows:
"The company does not anticipate a need or any reason to return to the capital markets for additional funding. We have been very successful in raising the funds needed thus far, and we are confident we can operate quite comfortably with the capital currently raised. This should give shareholders confidence in knowing that our share structure will likely not change for the foreseeable future. The world economic situation is unpredictable lately as we all know and things could change. That being said, we remain confident."
That is a very explicit caveat to the overall tenor of the PR. Dean will still be judged according to his justification for the recent issuance of shares, but if the reason is good enough, I think we will all applaud his decision! Makes sense he would want to finish buying stock before he issues his justification if the stock prise would seemingly rise as a result.
Which bodes well for all of us (shareholders).
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