Wednesday, October 17, 2012 7:48:46 PM
All I'm saying is, if External Influence contributed to Value Destruction then it can't complain if the price goes down (Dilution).
It's a conveniently circular "chicken or the egg" argument.
If that External Influence engages in Value Destruction, and it takes CEO Evans more shares to equip and fund the company during the start up period (than it otherwise would have), then that External Influence contributed to the dilutive process.
That just cost SGCP AND shareholders value.
So can't have it both ways.
The needlessly lost value during critical periods of SGCP's growth is stunning. Could use some of that lost value right now.
Value Destruction during the "dupedby" period was just a new low in the successive waves of Value Destruction. Trollish tag team swarming tactics dogged SGCP at every critical developmental step and cost shareholders inestimable value. I suspect in the big picture it is at least 1 billion shares and very possibly as high as 2 billion AUTHORIZED shares.
SGCP started out panning for gold by hand. Then:
SGCP bought a dredge. SGCP bought a wash plant. SGCP bought 3 more dredges, SGCP bought 2 tractors, SGCP built a compound, SGCP built roads, SGCP bought kiri Trees, SGCP built bridges, SGCP built warehouses, SGCP bought (secured) prime mining concessions, SGCP bought (secured) over 3,000 prime agricultural acres and so forth.
Nobody was willing to give SGCP any of those things.
SGCP had to buy them.
That means, (and this is no secret!) SGCP had to sell shares to make that stuff happen.
Now,
Do you really think that CEO Evans would have had to sell as many shares if there had not been wave after wave of coordinated Value Destruction as characterized by the "dupedby" period. All successive waves (domicile change, etc ?) are more or less variations on that same destructive theme.
Doug never would have had to sell the last round of shares in the first place if he hadn't had the rug jerked out from under the share structure like that.
That has as much to do with "waking up and smelling the coffee" (as you put it) as anything else.
The two elements are inseparable. Value destruction / Dilution
If a guy contributed to the one, he really can't complain about the other.
It's a conveniently circular "chicken or the egg" argument.
If that External Influence engages in Value Destruction, and it takes CEO Evans more shares to equip and fund the company during the start up period (than it otherwise would have), then that External Influence contributed to the dilutive process.
That just cost SGCP AND shareholders value.
So can't have it both ways.
The needlessly lost value during critical periods of SGCP's growth is stunning. Could use some of that lost value right now.
Value Destruction during the "dupedby" period was just a new low in the successive waves of Value Destruction. Trollish tag team swarming tactics dogged SGCP at every critical developmental step and cost shareholders inestimable value. I suspect in the big picture it is at least 1 billion shares and very possibly as high as 2 billion AUTHORIZED shares.
SGCP started out panning for gold by hand. Then:
SGCP bought a dredge. SGCP bought a wash plant. SGCP bought 3 more dredges, SGCP bought 2 tractors, SGCP built a compound, SGCP built roads, SGCP bought kiri Trees, SGCP built bridges, SGCP built warehouses, SGCP bought (secured) prime mining concessions, SGCP bought (secured) over 3,000 prime agricultural acres and so forth.
Nobody was willing to give SGCP any of those things.
SGCP had to buy them.
That means, (and this is no secret!) SGCP had to sell shares to make that stuff happen.
Now,
Do you really think that CEO Evans would have had to sell as many shares if there had not been wave after wave of coordinated Value Destruction as characterized by the "dupedby" period. All successive waves (domicile change, etc ?) are more or less variations on that same destructive theme.
Doug never would have had to sell the last round of shares in the first place if he hadn't had the rug jerked out from under the share structure like that.
That has as much to do with "waking up and smelling the coffee" (as you put it) as anything else.
The two elements are inseparable. Value destruction / Dilution
If a guy contributed to the one, he really can't complain about the other.
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