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Wednesday, February 01, 2012 12:01:27 PM
Peter bought 96,000 shares at .40 - So what, it was a nice gesture but he can easily sell enough equity in the company to bring in enough funds to pay himself $40,000+ in his salary for what it cost him to purchase those shares. It would be well worth his investment of $40,000 to keep the company attractive enough to sell shares to keep the GS&A portion up to where he can take home a $200,000/year+ salary. BY the way, if you are interested, look up how much he gets paid per year.
As for the .77per share, LOL - you are not thinking about the shares that have been issued since then.
That was .77/share when there was 2,700,000 shares outstanding.
With all the dilution that has occurred since then that .77/share is now at about .09/share.
GET THAT: .09/share that is, IF we only have 23M shares OS now. The way it looks, I highly suspect we are at almost 25M OS.
And it goes on and on. You do some of the math and start thinking about what this company is doing before you call us cautious investors shorters for no reason.
Cash flow, don't know, I have not done the math on that, but I highly suspect the wool is being pulled over overly optimistic buyers' eyes with that one also.
All the agreements, NOTICE THAT WE NEVER get details provided when we are told of the deals - BIG RED FLAG!!! - Where are all our shares going? Where is all our equity being spent? How are they paying for all this and how much proportionally is it bringing back to us in revenues, and more importantly, EARNINGS, NET ASSETS????????
Do you understand now?
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