Paradigm Medical Industries Inc. (PDMI)

[stervc]

kfan624, now with PDMI...

Make no mistake about PDMI, now that they are planning to increase the Authorized Shares (AS), the risk has changed to be much greater especially since it is in the billions. Normally, if a company increases their AS as such, I tell people to don't even wonder or ask me if I have sold or not... I would be gone already!

I am in stocks now of which have their AS amounts in the billions where one had gone from the .001s to .076 per share and the other had gone from .002s to .042 per share. I can tell you a few more success stories where one had gone to .99 per share, but I can also tell you a lot of failure stories too.

Here with PDMI, I am putting on my "Stupid Helmet" (again) and made the decision to take the risk to believe that it is going to be bigger than what some believe it to be right now. I will trust my DD and the CEO for now. When the dust clears, I will actually look to add more, but please know that such is me simply taking the risk which has increased.

Since the CEO is not going to reverse split us and the CEO seems very confident about doing something about the stock from the substance he believes he will be delivering, I am willing to take the risk. It was mentioned from the proxy that they have no intentions on using all of those shares (courtesy of Bayou Man):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44163896
...The Board of Directors believes that it is necessary and prudent to increase the authorized number of shares of common stock to the proposed level in order to provide a reserve of shares available for issuance to meet the Company's business needs as they arise. Although the Board of Directors has no immediate plans to issue a significant number of additional shares of common stock ...

I think he is implementing a "Poison Pill" to prevent any kind of hostile takeover. The increase could have been for giving a certain amount shares for financing and to give shares to a major partner that he stated to be coming on board too. I believe the increase is for a major purpose to help our PDMI investment and I will take the risk in thinking so. If I had to guess, I think any use of those shares will be restricted shares too. This is why I will continue to weather the storm and wait for a few pieces of news to see where it is going.

v/r
Sterling