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Re: steve_r509 post# 8898

Monday, 08/30/2010 4:41:15 PM

Monday, August 30, 2010 4:41:15 PM

Post# of 49094
Oh, I forgot to mention one more thing. The company had $128k of Operating Expenses (OP)(rent, salaries, OTC membership fees, office supplies, web hosting fees) in Q1 of this year, and probably had $200k of OP in Q2 and Q3. Then possibly will have another $100K in Q4. So, why would a company spend close to $450k then comeback and sell shares for the same amount, let alone time and effort of those unpaid like Sean, Mather, and Foaster. It just doesn't make any sense!
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