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Re: Seminole Red post# 34662

Saturday, 03/19/2011 8:37:09 AM

Saturday, March 19, 2011 8:37:09 AM

Post# of 41474
I think so. They raised the share authorization for a reason.

The apparent failed 2009 buyback/share restructuring plan and subsequent massive dilution make me think they are doing the same thing all over again. They have relied on dumping dilutive shares for cash for years and years, amid stratospherically-high revenue projections that failed to materialize.
Simple DD on the company led me to believe they have a similar massive dilution agenda once again....and investors seem to find out the bad news much later.

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