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Re: stlpenny post# 18783

Friday, 01/08/2010 10:25:15 AM

Friday, January 08, 2010 10:25:15 AM

Post# of 72328
relax stlpenny all in its own good time. With regards to O/S flaflyer even if there is quite a bit of dilution is ongoing based on $15million worth of revenue this year something which we all agree is conservative at the moment 5 billion shares would still lead to a share price of 2 cents a share so we are still highly undervalued. I really dont believe that the company are diluting that heavily. Why would they dilute at these levels when if they wait they could dilute at 10cents or above it wouldnt make any sense. I admit that my biggest worry is dilution but regardless at only a little over 9million dollars (maybe up to 30million if the heavy dilution you suggest is ongoing) we are still highly undervalued- everybody agree?