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Tuesday, July 16, 2013 2:33:51 PM
The old saying it takes money to make money certainly applies here. Lending rates must be so bad that management feels it's only option to survive is to issue more shares to raise the revenue required to survive until we gain traction.
I'm okay with that as the other option isn't appealing. Keep in mind that management owns a fair share of the outstanding shares so any dilution hits them just as hard and I am sure it is a last resort.
The good thing is that those shares have been swallowed up and we seem to have stabilized. As long as no more shares are going to hit the open market, we should begin to recover. We will not see any huge gains unless based on solid good news from this point on as most of those millions of shares were purchased around .0012 so they would quickly double or better on small spikes prompting sellers to move in. If actual good news hits maybe they would feel more prone to hold on for the big upside.
If we don't close a big contract soon you will see additional shares hitting in 1-2 months as I figure they made enough to survive that long.
I would like to see Kay and company cut their pay or take their pay in shares until something materializes. They need to feel the pain just like us common investors. But, I know that's a hopeless dream.
Long and strong but not buying any more shares.
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