ANTs Software Inc. (fka ANTS)

[tigerpac]

Another round of dilution looks to be in the cards per Dr. Frank's statement:

"Additional funds are required to continue the new activities for OUR Company, without returning to the secondary market.
Class A preferred stocks will be awarded for all investments. Large as well as small shareholders are invited to participate in this opportunity to fund and grow YOUR Company."

I wonder if Dr. Frank plans to pay a cash/stock dividend to those holders of Class A preferred stock if he can get investors to pony up money. If cash, where would the source of the cash come from? At the moment it can't be Ants since they have no money.

If he can't swing a preferred deal the implication is that another secondary may be in the cards. JMO.

TP