Followers | 1739 |
Posts | 142140 |
Boards Moderated | 4 |
Alias Born | 09/11/2005 |
![](https://investorshub.advfn.com/uicon/60725.png?cb=1666370848)
Saturday, April 24, 2010 7:32:57 PM
I also posted my opinion this morning in the thread of "Investor update CC for next Thursday":
<<<<<<<<<<<<
I am tired to hear this kind of updates. Scott has given us a lot of promises. He said to cut the operating costs and expenses in an interview/update months ago. Instead of cutting costs, they spent too much money than I predicted. Here is the fact in last quarter earing report:
"The compensation expense for the year ended December 31, 2009 increased to $4,576,577 from $2,611,622 for the period from June 23, 2008 (Inception) to December 31, 2008, an increase of 75%."
They issued about 70 millions shares at $0.035/share to raise $2.4M to eliminate the debt. However, the compensation was $4.5M in the last quarter. I hated it!
Joe Noel said this company would lose $0.01/share last quarter (per his research report). But the final result was that this company lost $0.16/share last quarter!
I invested more than $80,000 in this company, but they diluted my shares again and again. The company has made me lose a bit (if not a lot) confidence. Should I support it again? I hesitate right now.
>>>>>>>>>
Without my support, this stock might go down to below $0.02 weeks ago. At that time, almost every day, I allocated about $2,000 to support its price. When it went down, I bought a bit to raise up its PPS.
However, this company print shares faster than I can count. They dilute our shares again and again. The outstanding shares has increased from 69M to 222M just within a quarter. Everyone like triple or quadruple, but not the triple of the outstanding shares!
What is the fact/secret behind the deal of the acquisition of PhoneGuard? It is not disclosed yet. Issue more shares? - Time will tell.
From the "other" board by jpinvestor8
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM