Saturday, February 12, 2011 2:06:50 PM
second just because they are in the os does not mean they have been sold. they may have been placed with mms but not sold yet, they may be set aside to give as compensation for any number of deals in the works, or they may have been issued as payment for bills/debts/services etc.
the point is we do not know. we should know and i hope he tells us. but so far in his small time in charge he has now made some strides so maybe he soon will.
also even if he did sell them there are fees and taxes to be paid so the number raised would be far below that... we also do not know his salary. so even if that is pretty much to his pocket its not an unreasonable compensation so long as it is for the year, not per month :) then the key is to him continuing to earn it.
but again this is all speculation. yes the os went up, closer to 400m actually as there were 45m restricted before, but we do not know where those shares are or how they are/will be used.
we also have no idea how the float is owned.
and even if you are right, here is another view. we had a 1b share increase. we already burned through almost half of it and pps is moving upward... so only a little over the same amount already dumped to go. seems that means he knows how to dilute without hurting pps to me
so no i may not thinking this is a super long term investment to retire on but i do think it will have at least a promising few months as this new situation develops. and yes short term there may be some tough resistance as long term holders who think like your posts look to exit near resistance. in fact that may be even more damaging than any dilution. but i also think this will be run after breaking through so everyone needs to decide on their patience/reward/risk tolerance as there is the chance such resistance proves too strong, but this is the way with pinks and like every dog they eventually have their day. i look for ron to do a good bit of barking before any biting
My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion
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