DABOSS you too are deflecting reality: Companies issue stock
to use these funds to grow their business. I think it goes without saying, that if you are diluting your shares outstanding by 2%, you better grow your earnings by 3% with that money. This is smart management. Competent management.
EDIG has gone from 80M to 140M shares and by adding these 88% more shares...what have they done with it????
With this overwhelming amount of stock be issuing, EDIG used this money to balloon their losses as a company to over $60 Million.
It is safe to say this 70 Million shares issued have been wasted.
If I took this 70 million shares with an average price of say $2.00, I could put this money in a 3% savings account and had earned over $4.2 Million dollars for my shareholders. I would have given $.03 a share income to my shareholders even considering this ridiculous float. For years and years I wouldn't even have to show up for work, or have any overhead... This is the stark reality on how poor this management team is.
So basically, Fred Falk and Robert Putnam should have put this money in a savings account and they would have served their shareholders 1000% times better than if they touched anything....
This would have yield better results than giving 2 incompetent, Woody-Norris-favorite-son boys the chance to show their incomptence in spades, and making themselves rich in the process on the bank accounts of shareholders.
Honestly speaking again, do you think any mgmt who has shown the horrendous results they have, and the miscues, and the less than forthrightness, bordering worse charges, would not have been replaced by now in a legitimate company?
It is said that Falk's father bankrolled Norris in the beginning, and there are rumors that Putnam is his son-in-law.
Both of this if true explains a lot...
You are very dangerous too DABOSS - You paint your strokes to suck people in by tieing EDIG desperately printing stock for their survival to compensate for their inability to make a dime with say GE issuing stock to make a 20% profit on it. EDIG issues stock to make their shareholders lose 20% a year and to pay these two incompetents millions...that if Falk and Putnam were paid based on their performace, these 2 would be making $20,000 a year, with a poor review appraisal from their superior.
And you slick... "Every company sells stock..." You should be more honest...
-BH
AI
