Fuse IR answered, rather quickly; so here is their reply word for word (yes, I did not alter their finger check, for 'filed', in first sentence).
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Subject: RE: Questions about increased stock counts
Hi L____,
We flied an S-1 on February 24, 2012 and an amended S-1/A on April 17, 2012 which was for the registration of common shares and warrants. I am assuming some of the outstanding warrants have been exercised into common stock and thus the increase in outstanding shares.
Members of Fuse management are under lock-up agreements.
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These IR answers should help people understand why the stock counts have increased, and again confirm the lock-up committments are the true company 'insiders'.
Second issue that came up today, was someone put up the cautions about what a 'pink' stock is, and what to be careful about. That person should have noticed and shared, that Fuse has actually been meeting the committments of their SEC filings, and their announcements and PR, are not some friliouos emails, or blogs notes, etc., as noted in that cautionary description of 'pink stocks'.
Yes, it is good to know the standard pitfalls of pinks, but Fuse has been operating outside those problematic issues. Fuse's PR have been Company print annuoncements, with notable vendors, through the DowJONES newswire, and their SEC filings have been confirmed with follow-up impliments, of stated business plan.
Fuse, has not been acting like a typical 'pink', IMO, and meeting stated goals, SEC filing plans, is a confidence builder.
As far as stock price action, whether anyone agrees or not, DROP is a stock on several traders attention list, from firms I deal with, including my own. As I stated the other day, the wiggles of the price, can vary, with any stock, and DROP is no different. The human element, regardless of how long or experienced people may or may not be, who are holding DROP, is simply not going to be happy, with a southerly drift.
The markets are doing a high wire act of consolidation and walking the wall of worry. One day up, one day down, one hour the skies the limit, the next hour the world is ending.
The talking heads are all over the place, but at least Fuse appears to be sticking to the plan, and responding incredibly quick, with solid answers to my question (within 1 hour, including some clarification, and me asking permission to use their complete statement).
Just remember to breath.
Semper Fi
LG
