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Friday, September 20, 2013 3:08:16 PM
BUT .........
Preferred shares mean DILUTION and we all can only speculate about the conversion rate. Black Box. Not good.
When I invested the company had issued about 90 million shares of a total share capital of 100 million. Now they increased to 300 million. No problem for me as long as the additional 200 million are not given away for "free".
There is a very thin line between being cautious, realistiv and negative. I try to be realistic but not negative. I was not cautious enough when I did my investment at 4,5 cents.
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