Sunday, February 17, 2013 3:28:49 PM
I'm not sure what the end purpose of paying Redchip 22,000 shares is but there are other reasons than dilution. They could be simply trying to raise their profile to larger buyers so if they buy in it eats up lots of shares and raises market capitalization. I do think that 22,000 shares is a bit extreme to be a client of Redchip, however they did state they must hold them for awhile before selling so Redchip must think it's going to go well. Also not mentioned in the video, but mentioned on the website, Redchip was issued some options that are priced between $8 and $12.
Just reading the Redchip website, they do seem like a pump company, but a little more upscale, some of their clients are already on the Nasdaq, too. Some of them are doing well, some of them not so hot.
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