Well, I am going to try to clear some things up for you because some of what you say is inaccurate. As per a past CC yes we didn't know EXACTLY who was doing the selling, but we had a very good idea that it was one person that gave Danny an ultimatum. Danny did not give in to this ultimatum and the person proceeded to sell aggressively and spitefully. All of what I just said was stated in that same CC that you are referring to. With that said, this last OS increase has/had ABSOLUTELY NOTHING to do with the selling of the recent past because it JUST now happened, and I'm sure that this is the creative financing that Danny spoke about in the very last CC. Did anyone really think that we could open up a Kardashian store without some kind of financing? Remember, dilution for assets is always a good trade, especially when dealing with a retail store such as a Kardashian store.
As far as the share buy back goes? Yes that will happen if the share price stays this low and the company starts generating revenue anywhere close to the projections. But, the store has to open first. It has to be stocked, staffed, and operating. A round of financing to accomplish such a task while, at the same time, building up company assets is a fantastic move any day of the week. I'd also like to remind you/everyone that Danny said that dilution should be CEASING after this. The next step is a buy back. There is nothing negative to speak of here. The company is moving forward on all fronts, it is on the brink of profitability, and it is building its assets and gaining value; it is NOT losing it.
All IMO of course.
-Rob
