Monday, October 10, 2011 12:59:19 AM
This percentage is based on a total of 347,964,602 shares, which includes the 40,000,000 shares being offered and the 307,964,602 shares of common stock issued and outstanding as of September 26, 2011. (From the S-1/A on Sept 27th)
1979216 shares of dilution a day since September 26th or around $31666/day at $.016 average.
Question is, can the image of success make you successful? Looks like I'm going to be one of the bagholders that helps them answer this question :( Like everyone else has said, they have good products but their management is bad. I do think they have added people who can help make better decisions and that JMJ as an investor is a good thing. If the fearless leaders weren't giving themselves unwarranted raises, I would be ok with this increase in A/S, but they need to communicate with us what their intentions are for raising the A/S. Is it advertising, new personnel, etc? Their poor communication and complete disregard for shareholder well being is making me very very irritated with the management. I can live with one but not both.
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