Friday, May 27, 2011 10:49:29 AM
Like most, I was initially very disappointed with the R/S, mainly from feeling betrayed by Veve. However, the more I consider it, I think it could end up being a good thing depending on what happens next.
The float is only 40M now, so news should actually move it. Even if Veve dumps a few 100M shares into the float, it should still move nicely with any sort of real news or even any sort of pump or PR campaign.
I really don't think Veve had much of a choice. Obviously, things are taking longer than anyone expected, and he's got to raise money somehow. I have no problem with him raising money via dilution if it turns the company into something. Depending on the news, dilution doesn't necessarily mean a lower share price. I think we're actually in a better position to see some pps upside than we were before.
I realize all this probably sounds hollow to many, especially to those who got in high and were wiped out by the R/S, but even the R/S could have been worse than it was. For those of us who got in low enough, we're really no worse off.
I personally would at least wait to see what happens with the next piece of news before bailing. Bid x Ask is actually .035 x .04 as I type this.
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