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Saturday, February 05, 2005 12:05:14 AM
I love the fact that we are in the black and things are doing well! Don't get me wrong.
However - I still do NOT understand why Fayiz sold 2.5 Billion shares to raise capital for expansion when the pps was between .001 and .002. If he truly is in the BLACK he should have been PR'ing the world on that and let market forces do their thing!! PPS inflation would have followed reality and he could have raised a boat load of $$$$ for an acquistion. Just work the numbers!!
2.5B shares at .001 = 2.5 M
2.5B shares at .01 = 25.0 M
You choose. The argument is that .... if he is telling the truth about his growth and profits - that fact that he is hiding it from investor view is really hurting the commmon shareholders IMO. Now he is doing a buy back to correct his mistake!!
So lets hope that he is listening to your post. You are on the money!!
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