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Re: longinus post# 20730

Tuesday, 11/13/2012 5:30:42 PM

Tuesday, November 13, 2012 5:30:42 PM

Post# of 232836

Personally I'd think Swatch in full production is good enough news to keep the stock from "tanking" tomorrow. I suppose we'll see.



I'll have to listen to the call again because I forgot the word Steipp used, but he said that the income that will be generated from Swatch is not enough to make any kind of difference.

Also, they sold $12 million in shares this quarter. Even if they sold them at 20 cents, almost twice the current price, that's still 60 million new shares. I saw 191 Million outstanding shares before, so this round of dilution puts us at 251 million outstanding shares? The stock just got diluted by almost 25%. That makes today's 11.8 cent price tomorrows 8.6 cent price.
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