If they sold new shares at $1 today, would you call that a BAD kind of dilution? I would be delighted myself!
If they sold 100 million shares at .01, yes that would be bad, but as I have said, and as the data shows, there has been no dilution in about 2 years, and insiders have been buying at retail!!!!
A note to everyone. Lets please keep things here civil, before they get out of hand.
If they were not sitting on over $1 billion dollars in natural gas, I would be a little worried here about possible dilution, but debt is more likely, debt that can be paid back very quickly with revenues from the well. The stock will be back up to $5 before they seal any kind of dilution deal (which would happen at a much higher price than we are at today) to expand drilling and pipeline additions, or they will JV the expansion deal, and no dilution is likely while the merger is pending as it would screw up the merger contracts!
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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