Wednesday, November 03, 2010 4:14:37 PM
They may not be selling shares directly into the market, but they MUST dilute in the near term if they want to keep their doors open. They have no other way to raise capital in order to pay bills. Look at the financial statements, particularly the income statement. They HAVE to raise additional funds to pay their fixed expenses and they can only do that through selling shares or taking on convertible debt.
Who in their right mind is going to loan money to a company with no revenue and who's shares are for all intents and purposes worthless currently? That is why a reverse split is INEVITABLE at some point. And I would bet that it comes sooner rather than later.
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