Sunday, July 17, 2011 4:06:18 PM
It wasn't him who dumped their hundreds of millions
Your correct, he has diluted billions. I don't think it was him dumping his personal shares either, but he has issued billions of shares unrestricted and cheap. That 210 million dumped to .0002 was no retailer. It was most likely one of the cheap paper buyers. So, "he" didn't personally dump the other day, but that dump was because of his share management actions.
But hey, no big deal for a few folks. There are some that love this dilution and share selling, lol. They claim that they hope he issues all the AS. Don't ask me why they bought at .0005 and then hope for dilution to bring it to .0002. Seems they would have been better off buying now.
As for his "trip" to Brazil and meeting with some companies about streaming apps. Is he kidding with the streaming apps? Seems he should just get some apps out. All these PRs for 19 months, and most have not materialized.
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