Friday, November 04, 2011 8:54:26 PM
In July, I received a somewhat similar toned response to an email I sent to John. He sent the reply below on the 11th:
The updated second quarter financials will be posted today. Our Accountant
made an error that no one picked up on (a difference in some referenced dates)
and I just got them back. Yes, there has been and will be some dilution in
share value for a short while. We are currently in negotiations with a
municipality's and their State's economic development people to provide
funding for the purchase of our equipment and to set up our manufacturing
facility in their location. I am in fact, having a conference call with them
today. If the conceptual ideas are agreed upon, I will visit them in the next
week or two and sign documents.
There is little I can tell you about share dilution except to say that there
are other means of reducing the number of shares outstanding other than a
reverse stock split.
Thank you for investing in our firm and keep patient.
John Ohlin
President/CEO
***On the 14th of July he did release a PR.......but to me it wasn't anything that great and didn't reflect his response. We'll see what happens. Good Luck
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