What is upsetting to me...is that I thought I found a great dividend stock where I could collect the quarterly dividend and possibly get some capital gains out of it in a few years. Could have seen 100-200% plus great dividends. NOW how are they going to pay a dividend on 170 million shares? I was hoping for a .10 cent dividend later this year...but that would be 17 million dollars a quarter. There is no way they are going to pay that kind of dividend, how could they? The current dividend of .03 cents is 1.5 million a quarter, and that has just been upped too 5.1 million a quarter. If they don't make a major move and buy a bunch of boats on the cheap,then this whole deal seems completely pointless to me. To me this shows no confidence at all by management. They already stated last quarter all of the bills were paid for the rest of the year. Why would you not hold off on an offering and see what your shareprice is at the end of the yaer. Could it possibly get lower than .70? This whole thing seems like unreal.
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