Goldsands Development Company (GSDC)

[techtrade]

I don't mind the dilution as I'm sure the company needs some cash to fund current and future projects. What bothers me is that they continue to sell shares at .10, and there is no lockup period on the warrants. They shouldn't be diluting at a share price briefly touched intraday for one day in December. Most dilution takes place at a minor discount to the average share price for a recent trading period. Seems like they should be getting .15 at least. I'm writing the company an e-mail expressing my dissatisfaction about this. I'm not selling my shares or anything, but I'm not buying any more either. Not unless it goes down to .10 again...