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Re: Ecomike post# 67

Thursday, 03/04/2010 10:56:01 PM

Thursday, March 04, 2010 10:56:01 PM

Post# of 1435
There will be dilution. Nobody was buying units today. Remeber MHAN sold 102 units each unit is worth 350,000+ of common stock and 530,000+ of warrents to purchase common stock at .08, they made 2.55 mill off of the selling of common stock, approx 36 million shares and once the warrents are purchased that will raise 4.5mill, with an additional 54 mill shares, just want to clear it up eco, I think you may be a little confused. Once all shares are out that would be a total of 161 mill, with that many os a market cap of 5 million would make the pps .03. That may be why the bid was at .032, that is what someone will buy at. .032 will give us the current market cap. Having money on hand is great, but at what price? Do investors like dilution to raise funds? No, we would rather see good earnings. And we dont just switch shares. They showed us the future dilution in the DEF14A, good luck guys
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