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Re: Drexion2004 post# 7957

Thursday, 12/15/2011 11:53:29 AM

Thursday, December 15, 2011 11:53:29 AM

Post# of 163761

Okay, I agree with you, particularly about slowing growth a bit, in favor of cash flow. Better yet, I'd like to see them sell whatever piece of land is scheduled to be used last, dedicating the proceeds to immediate capital development.

I don't think anyone would mind equity financing at reasonable prices. Clearly this was the plan. In fact, Solomon has done a good job limiting dilution.

However, in the future, I agree that he needs a new way to raise capital, if the old ways continue to keep the share price so low.

Certainly understand that this isn't on Fidelity's radar screen. But $5M spread across 10 - 50 individuals, microcap funds would tie up another 35% of the float.



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