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Re: Threeflight post# 41982

Friday, 02/04/2011 4:30:00 PM

Friday, February 04, 2011 4:30:00 PM

Post# of 348909
It would seem to me that one of us longs forward projected the dilution when they stated they would be issuing new shares (for the plan A merger c/w RS) of which 3/4 of them would be convertable leaving us with a 167MM OS after 1 year, and yet I was dismissed because that dilution did not count because those shares werent converted as of yet. Well somebody better discipline me for being forward looking. Silly me thought that they was good fundamental analysis.

So why all the excitement now that the OS is 175MM? Perhaps those who didnt see it coming were caught off guard living in their own little world of sunshine and rainbows?

Not picking on you directly 3F, there were many who dismissed the reality. Sure we're currently on 'Plan B' but I have to agree with David and Bliz, companies have to grow on something. I for one and neither surprised nor worried. What remains to be seen is whether they make something equitable from those shares, which we wont know for at least a few months from now. Its a crapshoot sure, but it always has been.

"Bad news is an investors best friend. Its lets you buy a slice of America's future at a marked-down price."

Warren Buffet