Thursday, June 03, 2010 10:24:09 PM
we also know why so many were issued, a company that is now producing revenue was bought.
this time we, ok strongly believe, the shares are to fund more 1cash locations which also seem to be producing revenue. you are right though, until we hear something we do not know if any shares have been sold yet. so yes we should assume shares are all outstanding at the moment. but they may not be. i would guess they are just authorized and will believe that until we are told otherwise.
it feels like dilution wit all the selling and pps stagnation into prs. but volume does not support that. and even if it were, as you also said support is holding. so if they are being sold they should soon be gone and pps will rise.
but yes, hearing what will/has become of those shares and the money generated is key. i suspect this cc alamo mentioned will address that. mid june sounds good right about now as we are 1 week in already...
history can repeat, but that move last year was a one time deal to jump start a new company. lets check this move out this year in year 2 and let it be a better gauge. 1.5b year1. .5b year 2. 0 year3? maybe buyback year4? ok ok ahead of myself :)
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