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Re: grawsha post# 58576

Friday, 07/19/2013 12:05:09 PM

Friday, July 19, 2013 12:05:09 PM

Post# of 75926
The company really damaged its credibility back then when they made a big announcement before the dilution began that they were retiring 150 million shares. The hype was huge here. What ticked many shareholders off was that after announcing to the world they were retiring 150 million shares, they immediately started heavily diluting again, and quickly diluted back into the O/S more than twice as much as they had retired. The dilution never stopped, and now at over 85o million shares, the O/S is once again approaching its limits. I expect at any time now, the company files to increase its A/S from 950 million to 1.5 billion shares so they can continue to dilute.