Sunday, January 02, 2005 4:36:12 PM
My point only was to say that discussing in term of hundred million shares right now is ridiculous.
There was 2,000,000 shares right after the split and there are now 7,000,000.
No intent whatesoever on my part to say that there was no 3.5 to 1 dillution or so since the split.
If my $40,000 car get depreciated by 25% I would sound preety stupid expressing that by saying the value went down 1,000,000 pennies (even if it's true).
Now if you want to discuss future and consider potential for dilution, the fact is it now (since the R/S) could be up to 100 to 1 where as it was nil right before the R/S.
If that was to happen, the number of shares would be 200,000,000 (not very appropriate saying 20,000,000,000).
Patiently,
Roger
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