I can't keep quiet anymore regarding the misinformation relating to equity transactions.
A company just doesn't willy nilly decide they need more money and issue a bajillion shares.
An investment bank will underwrite the tranche (e.g. the primary market). Brokerage houses buy the shares from the investment bank and sell them to outsiders, like us, or mutual funds, ETFs, etc. That's called the secondary market. If you're with Scottrade, or eTrade, or any other broker you are buying your shares of LLEG (or any stock for that matter) in the secondary market.
I'm not saying LLEG can't approach a bank for a secondary offering, but I'm just getting tired of the ignorant posts bitching about Bartoszek diluting shares as if the company's equity is his own piggy bank.
But what do I know? I'm just a dopey CPA who used to audit for the world's largest accounting firm working on such trivial stuff like metals output contracts with embedded derivatives and stock options. So I'm probably just making stuff up.
