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Wednesday, November 20, 2013 8:06:15 PM
In regards to the toxic convertible debt dilution.
The dilution would only concern mgt if/when it needed
to go to the market for more capital.
Correct me if I am wrong, but there appears to be no need
for the company to directly raise capital via share sales.
So mgt is ignoring the debt dilution as a simple end to the means of getting debt free. They are not generating enough excess cash to buy out the debt.
The other angle that comes to mind is the debt convertor is greasing the pig(s) so they let it continue.
Full disclosure:
holding 1mil at .003
Tks
Pietro
Too much debt over burdens your horse and puts someone else in charge of the reins.
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