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Re: Whiplash_Investor post# 203835

Friday, 03/01/2013 2:21:20 PM

Friday, March 01, 2013 2:21:20 PM

Post# of 289420
I totally respect and understand your point of view, and I think we can keep going back and forth with this kind of silly argument. You will always claim that AS are 2.4 or 2.5 Billion shares and as long as BW does not exceed the number of AS he is not breaking any law, which is true. But still I find his behavior rather unethical because after he said market capitalization is over (before Q3) and we do not need to issue more shares because we (BBDA) have revenues and profits to growth, he went ahead and issued 50+ million shares in Q3 2012, and probably 63 million shares in Q1 2013. I also know that each one here will make their own decision concerning BBDA, but I just want to throw some facts to the table to overcome the extremely positive points of view of some poster who only have "GO BBDA GO" as an argument. Just keep in mind that he is throwing the argument of a discretionary buyback when in reality the company needs audited financials more than a buyback, but yet he seems to ignore this and keeps breaking promises one after the other.