Saturday, March 10, 2012 11:36:46 AM
GERS Stock is divided into several categories. We are restricted to "Common" Stock. In the R/S announcemant KK denominated (from Memory) 14.6 Million Shares as O/S, that is Shares for sale. Nobody considered that DILUTION. Or at least, didn't stir up a lot of fuss at the time. KK later announced, or was said to have stated, that the Total O/S (Float + Restricted Common Shares) was 17.2 Million Shares. I accept that to be true, but kind of 4th Hand. Now, an "Estimate" with no information to accompany it, that the O/S might be as much as 22 Million Shares!! WOW! PROOF!! DILUTION!! And I keep thinking,,, What if KK had just said the (Hypothetical 22 Million) were designated O/S Shares from the Authorized Shares, at the time of the R/S? Would they have been DILUTION then? Whose shares were the 14.6M? And from what Stockholder were the supposed, and Hypothetical added Shares,
taken? GERS is offering Shares for Sale. How much they are worth is totally in "our" control. MOO
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