I want to thank everyone that sent me prompt, encouraging feedback on my concerns I voiced yesterday, both publicly and privately.
Many on this board two months ago are no longer here. They sold before the massive dilution written on the wall in Oct 4. 313M to 1.5B o/s Now another 2B o/s will be piled on by May. I also don't think it will stop there either. 5B or 6B o/s is not out of the question. We don't know what is being paid off. He is a master of surprises.
They, like myself, are spectators. Who amass more and more devalued shares will be paying for all the Dr's debts with the goal of having a clean financial slate when it comes time to embark on the company's business plan.
Do you know what is being paid off? No, because they never made public an itemized list of the total carnage this Dr rang up. A lot of it are screw-ups financially. I'd estimate 30% was principal and the rest is toxic interest, fines, concessions, personal vacations and business extravagances.
This won't see five cents till 2015 at the earliest without a reverse split.
Like I said, this stock is only good for trading and is a piss-poor, long-term investment for the next few years till it gets some legs in its stem cell field.
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