Tuesday, December 28, 2010 9:55:48 AM
Fact: THRR revenues are not adequate to offset expenses
Fact: The company needs to raise additional capital in order to continue operations
Fact: The only way the company can raise those funds is by issuing additional shares, either by selling them on the open market or in a private placement
Fact: Issuing additonal shares = dilution
Fact: Prior to the RS it was not possible for the company to raise enough money via dilution because the share price and demand were too low
Fact: The company conducted the reverse split in order to reduce the OS count, thus raising the PPS to a level that would allow them to make money by selling additional shares
Opinion: This process has already begun, and the company officers are issuing themselves millions of shares as compensation, just like they did after the RS in 2008
Opinion: This company has one goal and one goal only, allow it's employees to collect 6 figure incomes without having to do any work at the expense of naive "investors"
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