"o/s 4.0 bil after RS = 26 mil approx (im only assuming its at 4 bil instead of 3.2 bil)
a/s 6.5 bil after RS = 43 mil approx"
What? the ratio is the same.... so, 43 million at a higher price as all the common shareholders are the same means what? If the company needs to sell stock for what ever reason, it is not different than the current/past situation without the pump or raise in PPS post R/S.... (only the number of shares/PPS in each 504)
The preferreds will most likely stay the same with a ratio of 400 to 1/(30 bux a share paid before the common) so there is no real gain for current "common shareholders" except for a calculated PR campaign post R/S or an extreme "maintained" increase in revenues thru product sales. 1 quarter will not make anyone rich.... The full year needs to be delivered by March 31st 2012 and Q1 May 16th 2012... The longer it takes to get the full year report out means alot... (but then, when you are invested in what should by all means have stayed a private company, waiting for "daddys" results will become common)(even if the spell check isnt used)
So, this isnt a "gold mine" or next generation "Tech" game for ipods, but this is an actual hands on business that has not shown it can depend upon its own earnings to continue operations short of diluting the common investors to the trip zips.... All based on "growing" it's business... What da frak was the CEO doing before May of 2011.... Waiting for the courts to tell him the company was in the right and isnt in default??? Still wouldnt relieve the past debt... Oh but wait, the company just released in the Q3 that they "found" the letter that relieves them from default/almost 3 yrs later...
Is that what common shareholders are to trust? A letter showing up years late of it's usefullness? A company that is run by what seems to be a single individual?
Maybe in this day of liberalism and feminism the courts/FED may honor the letter recently found but what documents, facts or figures that may be needed in the future are currently misplaced only to take "years" to be located and possibly not pertinent..?
Again, IMO.... This is a "private"/"family based" company that only went public out of need(end of revolving credit) to "exist" vs need to grow thru investors cash/dedication... The view now is the company did "grow" thru investors with "product on the ground", a joint venture and some off market filters... When in reality the CEO "donated" the majority then took from the investors.. The CEO was made "whole" for the "donation".... WHat will it take for the common holders to become "Whole"....
(to recognise the next Pump N Dump if leveraged properly)
Till then, a Pink is a Pink is a PINK..... IMO the safest bet is buying one of their tractors...(limited loss on investment)
:)
