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Re: jimmowrey post# 14594

Wednesday, 06/22/2011 7:26:55 PM

Wednesday, June 22, 2011 7:26:55 PM

Post# of 52845
Let's look at your post...to quote "about 95% percent of the debt reduced during 2010 was accomplished without issuance of stock" does not, in the least, mention how much of this debt was actually paid off. It could have been $10million, $1million, $10k, whatever...all we know is that "95% of the debt reduced" was accomplished without dilution. Can you cite how much actual debt was reduced last year without dilution?

Can you also confirm that recent dilution is not in the form of common share conversion of the 540BILLION SHARES of outstanding shares, fully diluted..? Are you suggesting there hasn't been ANY dilution..? Then what's with all the discounted shares of late...?

Yea..let's talk about fuzzy math.

So like, if um, "about 95% percent of the debt reduced during 2010 was accomplished without issuance of stock," aka dilution, and the company did not have much in the form of revenues, and the interest rate was 12%, and the debt was much higher, then why would they, like um, have to dilute to cover debt now when much greater revenues are flowing, less debt exists, and the interest rate is only 6%? Talk about fuzzy math.